Today we’re looking at four common grant mistakes regarding the un-allowability of public relations costs you may experience when managing your Federal grant.
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How auditor independence can slip away
Auditor independence is as precious and essential to the credibility of an auditor as it is elusive. Independence can easily slip away without you even noticing it. And then one day, when you need to lean on it – when you really need it – it isn’t there. Only then do you realize you have […]
What is the purpose of a performance audit?
In this episode of THE SAMPLE, Leita Hart-Fanta, CPA answers the question, “What is the purpose of a performance audit?”
COSO and the GAO Green Book are the same thing
GAO Green Book, GAO Yellow Book … will the Government Accountability Office (GAO) never cease creating books with colored covers? Next thing you know, the GAO will come out with a Purple Book! The GAO Green Book’s formal title is Standards for Internal Controls in the Federal Government. The GAO Yellow Book is also known as Generally Accepted […]
Nurture your professional network now
Your professional network will catch you when you fall. Think of it as an emergency fund for your career. When you lose a job or simply must get another because you are miserable where you are, you are going to turn to your professional network just like you have to turn to your emergency fund […]
When to get a new job: For audit professionals
When to get a new job: For Audit Professionals by Terry Owen What is the most important asset within your audit shop? I hope you answered loud enough that you startled those around you, “It’s the people!” Whether you’re a manager, a seasoned auditor or the newly minted MBA that just joined the team, you […]
Documenting Audit Findings – Part 2
Last week, I walked us through an example finding and showed how to support the finding with evidence. This week, I want to talk more about how you get there. As you will see, in order to reduce the hassle of documenting audit findings, it is best to start thinking about the elements very early […]
How to document audit findings
All auditors need to know how to document audit findings because audit findings are one of the two key deliverables of an audit project (the other is the conclusion against the audit objective, if you were wondering ☺). Here is a statement that performance auditors following GAGAS must include in their audit report: GAGAS 2018 […]
Qualities of a Strong Oversight Body
Something went terribly wrong. Maybe oil leaked into the Gulf or nursing home residents were being abused. Maybe a local pharmacy is selling opioids based on bogus prescriptions. I don’t need to go on, because you know the headlines. But what is to be done about it? Who do we turn to when management of […]
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