Statements of Position



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This proposed audit and accounting guide would supersede the existing guide published in 1974. It was developed to reflect changes in accounting and auditing that have taken place since the original guide was issued. The proposed guide primarily codifies existing practice in auditing state and local governmental units. Significant areas discussed in the guide include: 1. Recognition and discussion of NCGA statements and other accounting literature issued since the 1974 guide. 2. Recognition that the auditor's report extends to the individual fund types or funds examined rather than the presentation taken as a whole. 3. Discussion of determining the principal auditor in situations in which funds or fund types are examined by different auditors and the appropriate reporting in those situations. 4. Discussion of general aspects of single audits of federally assisted programs. In addition, the proposed guide illustrates auditor's reports for many common situations and presents an inventory of internal accounting control procedures that could be applied by state and local governmental units.

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Finance, Public -- United States -- States -- Accounting; Local finance -- United States -- States -- Accounting


Accounting | Taxation


Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.

Proposed audit and accounting guide: Audits of state and local governmental units;Audits of state and local governmental units; Exposure draft (American Institute of Certified Public Accountants), 1984, Oct. 19



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