Auditing State and Local Governments

Audit state and local governments effectively by addressing the complexities of fund accounting, grant compliance, and infrastructure reporting. This course explains how to evaluate government-specific controls and apply targeted audit procedures. Focus on component units, fund classifications, interfund activity, and budgetary compliance. Strengthen your ability to assess risk, test compliance requirements, and deliver high-quality audits tailored to the unique financial structure of governmental entities.

Format

PDF Course

Course Lists

Duration

3 Hours

Course Information

Author:Steven Bragg
NASBA Category:Auditing

Course Number: AU1038
Not Acceptable For: Enrolled Agents

Learning Objectives

Recognize why an audit strategy is needed, and what it controls.
Identify the issues associated with the environment in which a government operates.
Specify the risk assessment steps associated with the audit of a government entity.
Recognize when a government’s internal audit function can be used by the auditor.
Identify the budget controls that a government entity might use.
Specify the controls that a government entity might use over financial reporting.
Recognize when a misstatement is considered to be material.
Identify the actions that can be taken to reduce detection risk.
Specify the events or conditions that indicate the presence of a risk of material misstatement.
Identify the areas in which an auditor may choose to hire a specialist when auditing a government entity.
Specify who is responsible for fraud prevention and detection.

I nstructional Method:QAS Self-Study

Prerequisites:None
Program Knowledge Level:Basic

Advance Preparation:None

Latest Review Date:December 2024

Program Registration Requirements:Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.

Program Refund Policy:For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.