Scope is the boundary of the audit and is one of three main parameters of your audit along with audit objective and methodologies.
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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 […]
The Internet Fraud Tree
The Association of Certified Fraud Examiners’ fraud tree is a little dated.  Some of the scariest, highest impact frauds today occur in the cyber world.  So please enhance the CFE’s fraud tree with the internet fraud tree when considering the various frauds that could occur on your audit. Most of the stories in this chapter […]
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 YellowBookComments@gao.gov. 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 […]
Linkage: How Audit Objectives, Risk, Findings & Evidence Fit Together
Linkage is a funny term, but it is what I look for when reviewing working papers. I want to make sure that the major parts of the audit fit together or link. The objective has been satisfied The risks have been addressed The finding address the objective and the risks The findings are supported by […]
Completing the risk assessment
Risk assessment per the Green Book is a complicated, multiple-step process. Â First, you have to break the universe into small enough pieces to be able to confidently assess risk on each piece. (Remember, if your subject matter is too broad, you will have a hard time moving on to later steps.) Â Next, you have to […]
Fraudulent Disbursements – Billing Schemes and Payroll Schemes
More in the series on getting to know the fraud tree better. To get a better sense of where we are on the fraud tree and which branch we are talking about in this newsletter, please see the entire fraud tree at http://www.acfe.com/fraud-tree.aspx. Learn to do good; seek justice, correct oppression; bring justice to the […]
Selected Items of Cost – Overview
Please enjoy this chapter from the self-study book, “New Uniform Guidance: Cost Principles for Non-Profits and Governments” by Sefton Boyars and Bill Allen. If you want to earn credit for reading – see this link: http://yellowbook-cpe.com/product/cost-principles Objective: Distinguish which costs are usually allowable and which are unallowable General Provisions for Selected Items of Cost We […]
Misappropriation of Cash: Larceny & Skimming
More in the series on getting to know the fraud tree better.  To get a better sense of where we are on the fraud tree and which branch we are talking about in this newsletter,  please see the entire fraud tree at http://www.acfe.com/fraud-tree.aspx. Objectives: Differentiate between skimming schemes Differentiate between schemes to misappropriate cash “I was […]