This guest post by Mark Funkhouser highlights how auditors are allies for both the community and government representatives.
audit
Fraud, Waste or Abuse?
Fraud, waste and abuse are all similar with one major difference: CRITERIA! Fraud is the only reportable condition as the other two are subjective and not based in criteria.
The Auditee Calls the Shots
The auditee ultimately calls the shots and decides how to respond to a risk. Yes, we can highlight the risk in our audit report and recommend action, but the auditee makes one of four moves regarding that risk…
Audit Leader vs. Audit Manager
Audit managers are great! They get the job done. But can they look up from their work to make sure the team heads in the right direction? That takes true leadership and more than just a few risks.
How to Report Yellow Book Findings
In this special episode of THE SAMPLE, Leita Hart-Fanta, CPA talks to Charles Hall, CPA about how to report Yellow Book findings.
Scope: The Boundary of Your Audit
Scope is the boundary and one of three main parameters of your audit with the audit objective and methodologies making up the other two.
3 Roles on an Audit Engagement
GAGAS section 4.10 reminds us professional maturity depends on our ability to tolerate uncertainty and ambiguity. The 3 roles on an audit engagement generally include non-supervisory auditors, supervisory auditors and partners/directors.
Linkage: How Audit Objectives, Risk, Findings & Evidence Fit Together
Always make sure the major parts of the audit fit together. The objective is satisfied, and the risks are addressed. The findings address the objective and the risks while supported by evidence… Linkage!
Double-Check Your Evidence
Before you put your professional reputation behind the audit conclusion and publish, double-check your evidence!
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