CPA (Cerified Public Accountants) Audit Quality: Inspectors General Find Significant Problems.

Abstract

This report contains recommendations to the statutory inspectors general for improving the audit quality review process. The recommendations include calling for the statutory IGs to (1)revise policies for taking actions against CPAs on unacceptable audits, (2) work with the AICPA and state boards of accountancy to expedite referrals to these bodies, and (3) compile, analyze, and use the results of desk reviews and quality control reviews to identify and correct the underlying causes of audit quality problems. If our recommendations are followed, we believe the federal government will be able to place greater reliance on CPA audits of governmental entities to ensure that federal funds are spent for authorized purposes.

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Document Details

Document Type
Technical Report
Publication Date
Dec 01, 1985
Accession Number
ADA162243

Entities

Organizations

  • United States Government Accountability Office

Tags

DTIC Thesaurus Topics

  • Accounting
  • Congress
  • Contracts
  • Databases
  • Education
  • Governments
  • Law
  • Local Governments
  • National Governments
  • New York
  • Quality Control
  • Sampling
  • Statistical Samples
  • Task Forces
  • Test And Evaluation
  • United States
  • United States Government

Fields of Study

  • Business

Readers

  • Defense Acquisition Program Management
  • Defense Financial Management and Audit.