Single Audit Quality. In this chapter, information was provided on the report of the National Single Audit
Question:
1. Failure to document an understanding of internal controls over compliance requirements.
2. Failure to document testing of internal controls on at least some compliance requirements.
3. Failure to document compliance testing on at least some compliance requirements.
Required
a. Discuss factors you believe may be contributing to the problems related to single audit quality.
b. The project report recommends that all affected parties be involved in the solution. Discuss how you think each of the following three parties could help improve single audit quality.
(1) The Office of Management and Budget (OMB).
(2) The auditee.
(3) The audit profession.
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Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
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