CPAR GOV - Auditing Practice

CPAR GOV/NFP - Vol. 2018 - No. 4 - 02 - Concluding an Audit: Takeaways from the DoD Experience

Course Overview
Even as the federal government struggles with a shutdown over continuing appropriations resolutions, there is good news for accountants and auditors: the U.S. Department of Defense completed its first-ever total audit, covering almost $2 trillion in DoD assets. According to Jeffrey Green, a partner in the firm of Kearney & Company, the successful conclusion of the military and civilian audits in 2018 brings the federal government much closer to full accountability of its finances and processes.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Identify how the 2018 audit of the Department of Defense differed from previous audits;
  • Determine what an NFR is and what its role is in the audit process;
  • Distinguish how often the AICPA updates its auditing standards from how often GAO updates its yellow book; and
  • Explain how and why the accounting rules allow government agencies to redetermine the historical cost of property they purchased.

Prerequisites/Advanced Preparation:

Work experience in governmental accounting or auditing, or an introductory course in governmental auditing.

Speaker / Author:

CPAR Government/Not-For-Profit
SmartPros Ltd. is a leader in online and offline continuing education for accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

Price (USD)

Standard: $69.90


Course Code : CPAR1376-FM

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Auditing - Governmental

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