AICPA Proposed Auditing Standard – Assessing Risk

The AICPA has issued a proposed Statement on Auditing Standards entitled: UNDERSTANDING THE ENTITY AND ITS ENVIRONMENT AND ASSESSING THE RISKS OF MATERIAL MISSTATEMENT The challenge for the reader is that the standard is 207 pages long and it amends 7 other standards....

State Agencies Obstruct Audits

The New York State Comptroller is complaining about State agencies obstructing audits. In his 2015–2016 Annual Report on Audits of State Agencies and Public Authorities. The Comptroller complains, “For the reporting year 2015-16, four agencies significantly...

NYS Comptroller’s Audit Function Comes Up Short

The NYS Comptroller’s Office issued an interesting audit report (2014-S-4) about dead people. The auditors found, “NYSOH [New York State of Health program] enrolled deceased individuals and continued Medicaid coverage for individuals who had died after...