Audit Risk Alert: Government Auditing Standards and Single Audit Developments: Strengthening Audit Integrity 2018/19

Government Auditing Standards and Single Audit Developments —2018/19 01-149

How This Alert Helps You  01-07

Revision to Government Auditing Standards 08-31

Introduction 08-09

Format and Organization 10-11

Independence 12-15

Competence 16

Continuing Professional Education17-19

Quality Control 20-21

Peer Review 22-24

Standards for Financial Audits 25-28

Attestation Engagements and Reviews of Financial Statements 29

Performance Audits 30

Other Revisions 31

Office of Management and Budget 32-42

OMB Compliance Supplement 32-36

Uniform Guidance Procurement Requirements 37-42

Federal Agency and Other Activities 43-60

President’s Management Agenda 43-45

Federal Audit Clearinghouse 46-48

Department of Education Update 49

Housing and Urban Development Update 50-53

USDA Rural Development Update 54-58

Catalog of Federal Domestic Assistance 59-60

Uniform Guidance Considerations 61-71

Uniform Guidance Frequently Asked Questions 61

Corrective Action Plan and Summary Schedule of Prior Audit Findings 62

Government-Wide Audit Quality Study 63-71

Audit and Attest Developments 72-75

Statement on Auditing Standards No 133 72-75

Enhancing Audit Quality Initiative 76-78

Enhancing Audit Quality — Single Audit Analysis 79-86

Planning the Single Audit 83

Controls Testing in a Single Audit 84

Compliance Testing in a Single Audit 85-86

Ethics Update 87-91

Ethics — Frequently Asked Question, March 2018 87-89

Ethics Interpretation — Data Hosting90-91

Peer Review Update 92-103

Yellow Book Independence 94-97

Compliance Audits Below the Single Audit Threshold 98-100

Single Audit Documentation 101

Identifying High-Risk Type B Programs 102-103

Practice Aid — Yellow Book Independence 104

On the Horizon 105-106

AICPA GAQC 107-118

GAQC Executive Committee 113

AICPA GAQC Auditee Resource Center 114-118

AICPA Single Audit Certificate Programs 119-120

AICPA Not-for-Profit Initiatives 121-126

NFP Member Section 122

NFP Certificate Programs 123-126

Resource Central 127-149

Publications 128

Continuing Professional Education 129-130

Webcasts 131-132

Industry Conferences 133-137

Member Service Center 138-141

The Center for Plain English Accounting 142

AICPA Online Professional Library: Accounting and Auditing Literature 143

Financial Reporting Center of AICPAorg 144-145

AICPA Industry Expert Panels 146-147

Industry Websites 148-149