Designed to simplify small-dollar transactions, P-Cards expedite purchasing processes, reduce paperwork, and enhance operational efficiency. However, with convenience comes the potential for misuse, necessitating the importance of rigorous purchase card audits.

Parker CPE is excited to announce its collaboration with the Public Sector Audit Institute (PSAI), aiming to reshape the future of government auditing education. This collaboration is poised to roll out an advanced training program tailored for government auditors, preparing them to sit for the Certified Responsible Government Auditor (CRGA) exams, a respected credential that acknowledges the specialized skills required to be a proficient government auditor.

During the course of the pandemic, an innovative collaborative approach known as “Gold Standard” meetings emerged at the federal level. The primary motive was simple yet powerful: incorporate the expertise of the IGs at the inception stage, thereby striking the right balance between efficient results and risks related to fraud, waste, and abuse. All the while still respecting the independence of the IGs.

Unfortunately, GAO does a disservice to auditors by using the term ‘nonaudit’. This had led to confusion among government auditors and the misconception that nonaudit services are any activities that an audit organization provides to an audited entity that do not meet the definition of an audit under GAGAS standards. But it couldn’t be any further from the truth!

Ever wondered how someone ends up committing fraud? Well, it isn't a random decision. There's a theory called the Fraud Triangle that breaks down why someone chooses to act fraudulently. Let's explore this concept in simple terms and how it can help you on an audit.

The Green Book is divided into five sections, each representing a component of internal control and each has several principles. The five components of internal control must be effectively designed, implemented, and operating, and operating together in an integrated manner, for an internal control system to be effective.

Primarily, agile products highlight issues requiring immediate action for oversight officials or legislative stakeholders and others who have requested reviews of high-risk areas. Additionally, agile products can inform, without requiring actions, by providing transparency and ensuring key agency leadership, affected stakeholders, and the public have access to information more quickly.

First impressions are crucial, and the same holds true for the audit entrance conference. It serves as the auditee's initial opportunity to interact with you, making it essential to come well-prepared and let your amiable personality shine through.

The GAO Yellow Book ethical principles, aim to guide auditors in their conduct and decision-making when faced with ethical dilemmas.