UNIFORM AUDIT & ACCOUNTING GUIDE 2010 EDITION doc

[...]... http://www.fhwa.dot.gov/ AASHTO Uniform Audit & Accounting Guide (2010 Edition) © 2010 by the American Association of State Highway and Transportation Officials All rights reserved Duplication is a violation of applicable law xvi | P a g e ACKNOWLEDGMENTS Discussions among AASHTO members at the regional level and at annual AASHTO meetings led to the creation of the first edition of the Uniform Audit & Accounting Guide, which... ACEC, public accounting firms, and AASHTO participated Their knowledge, time, travel funding, and supplies are greatly appreciated in the nationwide team effort that led to this 2010 edition of the Guide Scot P Gormley, External Auditor with the Ohio Department of Transportation, served as the primary designer and editor of this Guide AASHTO Uniform Audit & Accounting Guide (2010 Edition) © 2010 by the... Commission Audits P.O Box 30050 Lansing, MI 48909-7550 (517) 373-1500 FAX (517) 335-2277 MorwayF@michigan.gov AASHTO Uniform Audit & Accounting Guide (2010 Edition) © 2010 by the American Association of State Highway and Transportation Officials All rights reserved Duplication is a violation of applicable law xii | P a g e AASHTO AUDIT GUIDE TASK FORCE MEMBERS (cont.) North Carolina Todd Jones Audit Manager... Contract Audit Manual” (CAM or DCAA Manual 7640.1) is an official publication of the Defense Contract Audit Agency (DCAA) The CAM prescribes auditing policies and AASHTO Uniform Audit & Accounting Guide (2010 Edition) © 2010 by the American Association of State Highway and Transportation Officials All rights reserved Duplication is a violation of applicable law 1 | Page CHAPTER 1/ORGANIZATION OF THIS GUIDE. .. Requirements .44 6.4 – DCAA ACCOUNTING GUIDE 44 A Accounting System Internal Control .44 B Labor Charging System Internal Control 45 1 Generally 45 2 Timecard Preparation 45 3 Timekeeping Policy 46 6.5 – COMPLIANCE AND REVIEW 47 AASHTO Uniform Audit & Accounting Guide (2010 Edition) © 2010 by the American Association... 334-8834 FAX (208) 3343858 carri.rosti@itd.idaho.gov AASHTO Uniform Audit & Accounting Guide (2010 Edition) © 2010 by the American Association of State Highway and Transportation Officials All rights reserved Duplication is a violation of applicable law xi | P a g e AASHTO AUDIT GUIDE TASK FORCE MEMBERS (cont.) Iowa Thomas M Devine External Audits Iowa Department of Transportation 800 Lincoln Way Ames,... transportation agency 1 Government Auditing Standards, GAO-07-731G (Washington, D.C.: July 2007 Revision) AASHTO Uniform Audit & Accounting Guide (2010 Edition) © 2010 by the American Association of State Highway and Transportation Officials All rights reserved Duplication is a violation of applicable law 2 | Page CHAPTER 1/ORGANIZATION OF THIS GUIDE AND DEFINED TERMS “Statements on Auditing Standards” or “SASs”... accordance with GAGAS, when documenting a finding, the auditor should include the condition, criteria, cause, effect, and a recommendation for AASHTO Uniform Audit & Accounting Guide (2010 Edition) © 2010 by the American Association of State Highway and Transportation Officials All rights reserved Duplication is a violation of applicable law 6 | Page CHAPTER 1/ORGANIZATION OF THIS GUIDE AND DEFINED TERMS... review audit programs and audit reports CPAs should document their qualifications to perform the audit, identify any specialists used in the engagement and must maintain adequate evidence of their professional registration status and results of peer reviews 2 See sample opinion letter in Section 11.2 3 See sample internal control report in Section 11.3 AASHTO Uniform Audit & Accounting Guide (2010 Edition) ... INDIRECT COST RATE ESTABLISHED? 115 12.5 – GUIDELINES FOR REVIEWING CPA INDIRECT COST AUDITS 115 12.6 – ATTESTATIONS ENGAGEMENTS 115 12.7 – RISK ANALYSIS: ACCEPTING OVERHEAD RATES WITHOUT A WORKPAPER REVIEW 115 12.8 – QUESTIONS AND ANSWERS REGARDING COGNIZANCE 117 AASHTO Uniform Audit & Accounting Guide (2010 Edition) © 2010 by the American Association of State Highway . law. AASHTO Uniform Audit & Accounting Guide (2010 Edition) xviii | Page Preface  ABOUT THIS GUIDE  his Uniform Audit and Accounting Guide was. a violation of applicable law. AASHTO Uniform Audit & Accounting Guide (2010 Edition) xii | Page AASHTO AUDIT GUIDE TASK FORCE MEMBERS (cont.) Iowa