The General Accounting Office has issued an audit alert to provide considerations for auditors as to how COVID-19 will impact Yellow Book audits. The alert addresses risk assessment, audit evidence and quality control. While nonauthoritative, the alert can help auditors think about the impact of COVID on nonprofit and government audits.
COVID-19: Generally Accepted Government Auditing Standards (GAGAS) Audit Alert: https://www.gao.gov/assets/710/708718.pdf
SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members. Melisa was a speaker on audit topics at SCACPA’s 2020 Virtual Spring Splash accounting conference and will return for Fall Fest. She also takes part in many SCACPA seminars and rebroadcasts.
With over 15 years of experience in the accounting profession, Melisa Galasso designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.
Read the latest Melisa Galasso A&A Interview: Private Company Council Member Jeremy Dillard and Standard-Setting Advocacy