This course will give you an overview of state and local government audits. Learn the basics of a CAFR and when a single audit is necessary. Understand materiality, how it is determined, how internal controls affect the audit, and get a walk-through of auditor reports and letters.
Course ID: URASLG
Understanding the Role of the Auditor in State and Local Governments
Learning Objectives
Understand the basics of the Comprehensive Annual Financial Report (CAFR), governmental internal controls, materiality limits utilized by the auditor, single audit basics, and a walk-through of the auditor role, reports and formalized letters
Major Topics
- Basic CAFR understanding
- Governmental internal controls
- Auditor materiality limits
- Auditor role and reports
- Single Audit basics
Who Should Attend
Auditors who are auditing the basic financial statements of a state or local government in accordance with GAAS; Finance personnel of a state or local government responsible for financial reporting
Fields of Study
Accounting (Governmental)Prerequisites
None