Audit of Federal Information System Controls: How can Management Demonstrate Completeness and Accuracy?
Audit of Federal Information System Controls: How can Management Demonstrate Completeness and Accuracy?
Direct Examinations: Measuring and Evaluating Complex Subject Matters in the Government
In September 2020, the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) issued a new attestation standard that creates a new form of attestation engagement for independent practitioners to perform direct examinations of an underlying subject matter in addition to assertion-based examinations.
AGA 2023 Inspector General and State Auditor Survey Highlights Proactive Oversight Community
This is a reprint of an article that appeared in the Winter 2024 issue of the AGA Journal. It previews AGA’s 2023 IG and State Auditor Survey, which was sponsored by Kearney. The full Survey will publish in February 2024.
AGA 2022 Inspector General Survey: Sustaining Change
The Pandemic Response Accountability Committee (PRAC) is using new approaches, different from traditional oversight methods of the past. By breaking down traditional barriers and opening doors, PRAC leaders are applying a “best and brightest” approach, with ongoing collaboration, data analytics, resource sharing, better communication, and proactive and more concise reporting and spending transparency, all largely in a remote work environment.
Fraud Detection Techniques to Incorporate into Healthcare-Related Financial Statement Audits
The National Health Care Anti-Fraud Association estimates that three to 10% of overall healthcare spend is fraudulent, which means that between $123 and $410 billion in U.S. healthcare spend is impacted.
Introduction to System and Organization Controls (SOC) 1® Report
How do User Entities gain assurance that the outsourced controls relevant to their financial reporting processes are effective? That is where a SOC 1® Report comes into the picture. The SOC 1® Report provides User Entities with assurance that the controls that Service Organizations have put in place to protect their assets are effective.
Audit Data Analytics: How Technology is Changing Audit Approach
Technological developments have changed how auditors and clients perform work and support business decisions. As clients’ expectations continue to evolve, the auditors’ use of technology will need to expand to keep pace.
