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CPE for Government Auditors
News & Updates

Tone at the Top & Oversight

You say you got a real solution Well, you know We’d all love to see the plan You ask me for a contribution Well, you know We’re doing what we can But if you want money for people with minds that hate All I can tell is brother you have to wait Don’t you know [...]

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Chapter 13: Monitoring

Once there were parking lots Now it’s a peaceful oasis You’ve got it, you’ve got it This was a Pizza Hut Now it’s all covered with daisies You got it, you got it I miss the honky tonks, Dairy Queens, and 7-Elevens You got it, you got it And as things fell apart Nobody paid [...]

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Chapter 12: Information and Communication


                        Might be a rock n’ roll addict, prancing on the stage                         Might have money and drugs at your command, women in a cage                         You may be a business man or some high degree thief                         They may call you Doctor or they [...]

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General Principles & Basic Premises

Enjoy the first chapter of Sefton Boyar & Bill Allen’s new self-study book on the Administrative Rules.  Want to earn credit for reading this stuff?  Check out the full book here. Objectives:  Describe the regulations underlying the uniform administrative requirements applicable to state and local governments and nonprofits Identify key government regulators and their related acronyms [...]

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Do I need an audit, a review, or a monitoring visit? What is the difference?


If you have doubts that your audit customer understands what you do and how important you are , share this article with them:  Plenty, my friend!  Plenty. So, you think you need an audit?  Or maybe you heard that you could get by with a review instead?  Maybe you were asked to find someone to [...]

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The Internet Fraud Tree


Objective:  Recognize elements of the internet fraud tree These are six things the Lord hates, seven that are detestable to him; haughty eyes, a lying tongue, hands that shed innocent blood, a heart that devises wicked schemes, feet that are quick to rush into evil, a false witness who pours out lies and a man who stirs up [...]

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Fraudulent Nonfinancial Statements

2 bull

He who winks with his eye is plotting perversity; he who purses his lips is bent on evil. Proverbs 16Whoever corrects a mocker invites insult; whoever rebukes the wicked man incurs abuse.  Do not rebuke a mocker or he will hate you, rebuke a wise man and he will love you.  Instruct a wise man [...]

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Chapter 11: Control Activities

Time to get to the nitty-gritty! Most accounting professionals resonate with the control activities chapter of the Green Book because it includes controls that come to mind most readily – things like segregation of duties, authorization, and review.  The control activities chapter is where the rubber hits the road, where the nitty meets the gritty, [...]

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Chapter 10 – Focus!

You will never reach your destination if you stop and throw stones at every dog that barks.  -Winston Churchill I burned up several chapters covering the risk assessment component of the COSO model… but if you don’t get that right, nothing else works.  There is no point to having well designed controls over items that are [...]

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Interesting Clauses from the 2017 GAGAS Exposure Draft

Hey Audit Nerds – Stop reading right now if you are NOT an audit nerd!  Specifically a GOVERNMENT audit nerd. I made this list of interesting clauses from the 2017 Exposure Draft to use in my seminars and I thought I would share it with you.  As you know, the Yellow Book will not be [...]

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Chapter 13: Fraudulent Financial Statements

5 scale

Objectives:  Identify how government statements can be fraudulently misstated Identify what would motivate a government to misstate their financial statementsDefine risk “Yes! Finally captured Martha Stewart. You know, with all the massive and almost completely unpunished fraud perpetrated on the American public by such companies as Enron, Global Crossing, Tyco and Adelphia, we finally got [...]

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My comments to the GAO on the 2017 exposure draft of GAGAS

Here is the short response that I sent to the GAO on the 2017 exposure draft of GAGAS.  The deadline for comments is July 6.  Please send your comments to 6/20/17 GAO GAGAS Team – Thank you for giving the audit community a chance to comment.  I am in the relatively unique position of having the [...]

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Inventory Misappropriation

3 red

Objectives: Distinguish between the two major types of inventory misappropriation Cash isn’t the only goodie that can be stolen or misused. There are two ways to misappropriate a non-cash asset – steal it or use it personally.   The fraud tree calls these categories “larceny” and “misuse.” Misuse My husband once worked at a very upscale [...]

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Another Layer to the Green Book


When I was younger, I was often unpleasantly surprised to find out that responsibilities have layers.  I thought I had gone through the final step… but no!  Instead I realized there was another step, another layer of complexity that needed to be embraced.  And then I found another layer and another layer. I remember one [...]

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For Nerds Only: Yellow Book Update

I just finished my first high-level review of the exposure draft of the yellow book (GAGAS), and thought I’d go ahead and share with you the things that stood out to me.  That does not mean that this list is comprehensive! The GAO has done us all a favor and included a comprehensive list of [...]

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Can you charge insurance, interest, professional memberships, taxes and travel to the Feds?

Please enjoy this excerpt from Boyar and Allen’s self study book on Cost Principles available at here: Objectives:  Identify under which conditions morale costs, fines and penalties, insurance, interest, and membership costs are allowable costs Distinguish between allowable and unallowable pre-award costs, taxes, and travel costs Employee Morale Costs Have Become Unallowable Until the [...]

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Yellow Book Exposure Draft Issued!

The Yellow Book exposure draft was published April 5, 2017.  We have until July to provide feedback to the GAO.  I will share my feedback with you once I develop it. Find it here:

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Allowable Buildings & Equipment Costs for Federal Programs

Please enjoy this excerpt of Bill Allen and Sefton Boyar’s self-study course on Federal Cost Principles in the Uniform Grant Guidance.  The self-study is available for CPE credits here: Objectives:  Determine how to recover building and equipment costs Distinguish between idle capacity and idle facilities and related allowable costs Identify which costs are allowable as [...]

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Cash Register Fraud Schemes


A false balance is an abomination to the Lord, but a just weight is his delight. Proverbs 11:1 We are at the end of our discussion of fraudulent disbursements per the Certified Fraud Examiners fraud tree.  Please see :   for an image of the fraud tree.  So far we have covered four of the five categories [...]

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Check Tampering Fraud Schemes

One who is faithful in a very little is also faithful in much, and one who is dishonest in a very little is also dishonest in much. If then you have not been faithful in the unrighteous wealth, who will entrust to you the true riches? And if you have not been faithful in that [...]

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