Audits of state and local governments : what you need to know / by Jack F. Georger.

Format:

Book

Author/Creator:

Georger, Jack F., author.

Language:

English

Subjects (All):

Finance, Public--United States.

Finance, Public.

Physical Description:

1 online resource (307 pages) : illustrations, tables

Edition:

1st edition

Place of Publication:

Durham, North Carolina : Association of International Certified Professional Accountants, 2017.

System Details:

text file

Summary:

This title provides accountants with critical "how-to" guidance on planning, performing, and reporting on your audit engagements, including financial reporting and the financial reporting entity, revenue and expense recognition, capital asset accounting, and the elements of net position on audits of state and local governments. It covers newly issued accounting and auditing standards, pension and OPEB standards, going concern, fair value, and Yellow Book updates. It prepares accountants to Identify the latest principles of auditing and accounting for state and local governments. Identify new GASB standards. Review in detail auditing considerations including risk assessment, materiality, group audits, and performing and concluding the audit. Re-examine significant accounting transactions including financial instruments; revenues and receivables; capital assets; expenses/expenditures and liabilities; net position and financial statement reconciliations. Identify guidance for special-purpose governments like hospitals, schools district, transportation systems, colleges and universities and more. Prepare financial statements in accordance with a special purpose framework through review of illustrative auditor's reports.

Contents:

Intro

Title page

Copyright

Chapter 1 The Governmental Environment and GAAP

Key Environmental Differences Between Government and Business

Overview of the Financial Reporting Model

Summary

Practice Questions

Chapter 2 Measurement Focus and Basis of Accounting

Measurement Focus and Basis of Accounting

Terminology

Chapter 3 Governmental Funds: Revenues and Expenditures

Revenues

Expenditures

Chapter 4 Fund Financial Statements and the Reporting Unit

What a Government Reports

Fund Financial Statements

Reporting by Major Funds

Governmental Funds

Proprietary Funds

Fiduciary Funds

The Reporting Entity

Primary Government

Reporting Component Units

Joint Ventures and Other Organizations

Chapter 5 Government-Wide Financial Statements and the CAFR

The Government-Wide Statements

Producing Government-Wide Statements

Comprehensive Annual Financial Report (CAFR)

Chapter 6 Special-Purpose Governments and Special Purpose Frameworks

Background

Special-Purpose Frameworks

Appendix A

Appendix A-Illustrative Auditor's Reports

Appendix B

Appendix B-Overview of Reporting Requirements for Special Purpose Financial Statements

Chapter 7 AUDITING CONSIDERATIONS FOR GOVERNMENTAL ENTITIES

Risk Assessment for a Government

Understanding of the Entity and Its Environment

Understanding Internal Controls

Materiality

Each major component of the reconciliation.

Going Concern Considerations

Chapter 8 Group Audits

Chapter 9 Reporting on the Audits of Governmental Financial Statements

Required Supplementary Information, Supplementary Information, and Other Information

Appendix A.

Appendix A-Illustrative Auditor's Report

Chapter 10 Governmental Pensions and OPEB Accounting, and Auditing

Chapter 11 Federal Government Activities

OMB Compliance Supplement for Single Audits

Glossary

Solutions

Chapter 1

Chapter 2

Chapter 3

Chapter 4

Chapter 5

Chapter 6

Chapter 7

Chapter 8

Chapter 9

Chapter 10

Chapter 11

EULA.

Notes:

Description based on online resource; title from PDF title page (EBC, viewed March 2, 2018).

ISBN:

9781119508939

1119508932

9781119508915

1119508916

9781119508953

1119508959

OCLC:

1023028383