Cover Page
Title Page
Wiley Logo

Notice to Readers

This Audit Risk Alert (alert) replaces Government Auditing Standards and Single Audit Developments—2016/2017.

This alert provides auditors who perform audits under Government Auditing Standards and Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, with an overview of recent industry, technical, regulatory, and professional developments that may affect the audits and other engagements they perform. As well, an entity's internal management can use this alert to address areas of audit concern.

This publication is an other auditing publication, as defined in AU-C section 200, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance With Generally Accepted Auditing Standards (AICPA, Professional Standards). Other auditing publications have no authoritative status; however, they may help the auditor understand and apply generally accepted auditing standards.

In applying the auditing guidance included in an other auditing publication, the auditor should, using professional judgment, assess the relevance and appropriateness of such guidance to the circumstances of the audit. The auditing guidance in this document has been reviewed by the AICPA Audit and Attest Standards staff and published by the AICPA and is presumed to be appropriate. This document has not been approved, disapproved, or otherwise acted on by a senior technical committee of the AICPA.

Recognition

Reviewers

Government Audit Quality Center Executive Committee Members

Erica Forhan, Chairperson
Ron Conrad
Michael Fritz
Brittney Williams
Jeff Winter

Other Reviewers
Ralph DeAcetis
John Good
Terry Ramsey
George Rippey

AICPA Staff
Susan M. Reed
Technical Manager
Member Learning and Competency

The AICPA gratefully acknowledges those members of the Auditing Standards Board and Governmental Audit Quality Center Executive Committee who helped identify the interest areas for inclusion in this alert.

Feedback

AICPA Audit Risk Alert Government Auditing Standards and Single Audit Developments is published annually. As you encounter audit or industry issues that you believe warrant discussion in next year's alert, please feel free to share them with us. Any other comments you have about the alert also would be appreciated. You may email these comments to service@aicpa.org.