Programs, practice aids developed for Auditing Governmental Financial Statements.

• Position: Accounting & auditing news

The AICPA has developed a comprehensive practice aid, Auditing Governmental Financial Statements: Programs and Other Practice Aids (No. 006602CPA06), that contains audit programs and other tools to help practitioners conduct their governmental audits in light of the extensive provisions of GASB Statement No. 34 and the new financial reporting model it introduces. The practice aid has account balance- and transaction class-based chapters that explain concepts, include internal control questionnaires, and suggest substantive audit procedures. It includes an engagement letter, a management representation letter, and various confirmation letters, as well as a case study on...