In this episode of THE SAMPLE, Leita Hart-Fanta, CPA answers the question, “What are the Uniform Guidance Cost Principles?” Another way to phrase that question is, “Can I buy that with federal grant funds?”
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How to write an audit report executive summary
An executive summary is an ‘elevator pitch’ for an entire audit report! Find out How to write an audit report executive summary.
5 Audit Report Writing Tips
Let’s rationally approach (like a good auditor always does) these 5 audit report writing tips so that we save time and reduce frustration for ourselves and our dear audit team.
How to create useful audit report recommendations
The audit report recommendations describe the actions you hope that management is going to take as a result of your findings. And if you do not clearly describe what you want, squirrelly behaviors can result.
Vendor Controls Prevent Theft
Charles Hall shares this article on how to monitor changes to existing vendors and understand the related controls.
What’s in an action plan for audit findings?
A wise auditor will ask for specifics from the auditee in their action plan for audit findings so that audit follow-up is easier.
What Are the Principles of Internal Control?
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
The difference between fraud, waste and abuse is a matter of degrees. Only fraud is a reportable condition under Yellow Book standards.
Transparency in Audit Reports
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 […]
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