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CPAR GOV - Auditing Practice | Format: Flash
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.
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| Catalog Number: |
CPAR1376-FM |
| CPE Credits: |
2 Registry / 2 QAS |
| Authors: |
CPAR Government/Not-For-Profit
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Prerequisites/
Advanced Preparation: |
Work experience in governmental accounting or auditing, or an introductory course in governmental auditing. |
| Course Level: |
Update |
| Field of Study: |
Auditing - Governmental |
| Content Partner: |
CPAR Government/Not-For-Profit |
| QAS: |
QAS Certified based on 50 minute hours. |
| Course Type: |
Self-Study |
| Minimum Passing Grade: |
70% |
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You are allowed 2 attempts to pass the final exam in a 30 day period.
You will be locked out of the final for 30 days after any second failure. |
| Soft/Hardware Reqs.: |
� Adobe Acrobat® Reader for the .pdf files
� Adobe® Flash® Player 9 or higher
� 56k or Greater Internet Connection
� Modern DHTML Compatible Browser
� Ram: 256 MB minimum
� Sound card with speakers/headphones
� Windows or Mac OS
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| Release/Expiration Dates: |
Mar 25, 2019 / May 06, 2021 |
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