Proposed statement of position : audits of state and local governmental entities receiving federal financial assistance ;Audits of state and local governmental entities receiving federal financial assistance; Exposure draft (American Institute of Certified Public Accountants), 1991, July 31

Authors

American Institute of Certified Public Accountants. Government Accounting and Auditing Committee

Files

Description

This proposed statement of position (SOP) supersedes chapter 3, paragraphs 3.1-3.4, and chapters 21-23 of the AICPA Audit and Accounting Guide Audits of State and Local Governmental Units and example 23 of SOP 89-6, Auditors' Reports in Audits of State and Local Governmental Units, and provides additional guidance on compliance auditing and single audits. The SOP updates the guide to reflect the following standards affecting the audits of federal financial assistance programs under the Single Audit Act: 1. Statement on Auditing Standards (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 SOP are effective for audits done in accordance with the Single Audit Act for fiscal years beginning on or after January 1, 1991. Earlier application is permissible.

Publication Date

1991

Relational Format

Book

Keywords

Finance, Public -- United States -- States -- Auditing; Local finance -- United States -- Auditing; Economic assistance, Domestic -- Auditing -- Standards -- United States

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.

Recommended Citation

American Institute of Certified Public Accountants. Government Accounting and Auditing Committee, "Proposed statement of position : audits of state and local governmental entities receiving federal financial assistance ;Audits of state and local governmental entities receiving federal financial assistance; Exposure draft (American Institute of Certified Public Accountants), 1991, July 31" (1991). Exposure Drafts, Comment Letters, and Statements of Position. 554.
https://egrove.olemiss.edu/aicpa_sop/554