A wise auditor will ask for specifics from the auditee in their action plan for audit findings so that audit follow-up is easier.
In this episode of THE SAMPLE, Leita Hart-Fanta, CPA answers the question, “How Much Yellow Book CPE Should I Earn?”
In this episode of THE SAMPLE, Leita Hart-Fanta, CPA answers the question, “What Are the Principles of Internal Control?”
The difference between fraud, waste and abuse is a matter of degrees. Only fraud is a reportable condition under Yellow Book standards.
In this episode of THE SAMPLE, Leita Hart-Fanta, CPA answers the question, “What is the GAO’s Green Book?” The Green Book’s formal title is Standards for Internal Control in the Federal Government and is a close copy of the COSO model.
In this episode of THE SAMPLE, Leita Hart-Fanta, CPA answers the question, “Do I really have to do that?: Unconditional and Presumptively Mandatory Requirements”
The GAO cares about the quality and transparency of the audit report. The AICPA doesn’t. How do I know? Because the Yellow Book, and not the AICPA: requires that auditors use the five elements of a finding to develop the most compelling argument possible. requires that the client get a chance to respond to our […]
Your word choice can mean the difference between readers taking your audit recommendations seriously and blowing you off. Here is an example of how the National Weather Service used strong words to warn the city of New Orleans about Hurricane Katrina. The following is an excerpt from a Vanity Fair article entitled “How New Orleans […]
Do you have time to read everything that comes across your desk and through your computer word for word? Most of us would say no. I scan business documents before I decide to read them. I try to glean the key take-aways from each document by reading titles, looking at pull quotes, and concentrating on […]