About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

A92964 1 (2007-08-01)

handle is hein.gao/gaobadwca0001 and id is 1 raw text is: 





Memorandum

Date:    August 2007

To:      GAO's Financial Management and Assurance Team
         PCIE/IG Financial Audit Community

From:    Jeanette M. Franzel, Director - FMA
         Steven J. Sebastian, Director - FMA

Subject: Professional Standards Update No. 48

In order to alert you to changes in professional standards, we issue Professional
Standards Updates. Thanks to Gail Vallieres, Frank Synowiec, Heather Keister, and
Cynthia Teddleton for their contributions to this issue, which contains summaries of:

Auditing Standards and Guidance

  * National Single Audit Sampling Project (Project)
  * Financial Audit Manual (FAM)
  * Government Auditing Standards, July 2007 revision
  * AICPA Auditing Standards Board (ASB)
       * Interpretation of AU Section 330, The Conflimation Process
       * Practice Alert 2007-1, Dating of the Auditor's Report and Related
          Practical Guidance
       * Practice Alert 03-1, (updated June 2007) Audit Confirmations
       * Technical Practice Aid 8350.01, Current yearAudit Documentation
          Contained in the Permanent File
       * Technical Practice Aid 9100.06, The Effect of Obtaining the Management
          Representation Letter on Dating the Auditor's Report

  * Public Company Accounting Oversight Board (PCAOB): Auditing Standard No. 5,
     An Audit of Internal Control Over Financial Reporting That Is Integrated with An
     Audit of Financial Statements
  * Securities and Exchange Commission (SEC): Release No. 33-8810 Commission
     Guidance Regarding Management's Report on Internal Control over Financial
     Reporting Under Section 13(A) or 15(d) of the Secuities Exchange Act of 1934
  * Institute of Internal Auditors (11A) Practice Advisories (PAs)
       * PA 1310-1: Quality Program Assessments,
       * PA 1311-1: Internal Assessments,
       * PA 1312-1: External Assessments,
       * PA 1312-2: Self-assessment With Independent Validation,
       * PA 2030-1: Resource Management

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most