Statements of Position

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Description

This proposed statement of position (SOP) would amend chapter 21 in the AICPA Industry Audit Guide Audits of State and Local Governmental Units, and would supersede example 26 in SOP 89-6, Auditors' Reports in Audits of State and Local Governmental Units. The proposed SOP would update the guide and SOP 89-6 to reflect the following standards affecting the auditor's consideration of, and reporting on, internal controls over federal financial assistance under the Single Audit Act: 1. SAS No. 55, Consideration of the Internal Control Structure in a Financial Statement Audit; 2. SAS No. 60, Communication of Internal Control Structure Related Matters Noted in an Audit; 3. SAS No. 63, Compliance Auditing Applicable to Governmental Entities and Other Recipients of Governmental Financial Assistance; 4. The 1988 revision of Government Auditing Standards, issued by the Comptroller General of the United States. The recommendations in this proposed SOP would be effective for audits done in accordance with the Single Audit Act for fiscal years beginning on or after January 1, 1990. Earlier application would be permissible.

ISBN

ed90-03-21t

Publication Date

1990

Relational Format

Book

Keywords

Grants-in-aid -- United States -- Auditing; United States. Single Audit Act of 1984

Disciplines

Accounting | Taxation

Comments

Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants; Exposure draft (American Institute of Certified Public Accountants), 1990, Mar. 21

Proposed statement of position : the auditor's consideration of internal controls over federal financial assistance programs under the Single Audit Act : proposed amendment to AICPA industry audit guide, audits of state and local governmental units and supersession of SOP 89-6, Example 26;Auditor's consideration of internal controls over federal financial assistance programs under the Single Audit Act (Proposed amendment to AICPA industry audit guide, audits of state and local governmental units and supersession of SOP 89-6, Example 26)

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