Knowledge-Based Audits of Not-For-Profit Organizations with Single Audits (2008-2009): Warren Ruppel
Editorial Reviews
Product Description
Knowledge-Based Audits of Not-for-Profit Organizations with Single Audits has a new title to reflect the incorporation of KBA material, including over 200 KBA Practice Aids. It combines into one comprehensive, easy-to-use guide everything an auditor needs to perform audits of financial statements, audits in accordance with Government Auditing Standards, and single audits in accordance with Office of Management and Budget (OMB) Circular A-133. Comprehensive coverage of the relevant technical literature is combined with user-friendly advice based on actual experience, resulting in a technically sound and extremely usable audit guide. Knowledge-Based Audits of Not-for-Profit Organizations with Single Audits also contains electronic practice aids and Excel workpapers on a free, companion CD-ROM. Electronic versions of audit programs, workpapers, reports, correspondence, and a comprehensive disclosure checklist enable independent auditors to eliminate much of the time-consuming clerical work too often performed during audits. To help readers comply with the AICPA’s risk assessment standards, CCH has created a streamlined, easy-to-follow audit methodology, including new practice aids and tools. The 2008-2009 edition of Knowledge-Based Audits of Not-for-Profit Organizations with Single Audits has been updated for new auditing pronouncements through SAS-114, The Auditor’s Communication with Those Charged with Governance, and accounting pronouncements through FASB Statement No. 159, The Fair Value Option for Financial Assets and Financial Liabilities Including an Amendment of FASB Statement No. 115. In addition, the CD-ROM, which includes the Knowledge-Based Audit workpapers, has been revised to reflect, where applicable, the effects of the new pronouncements. n addition, the 2008-2009 edition of Knowledge-Based Audits of Not-for-Profit Organizations with Single Audits has been extensively updated to reflect the set of eight new Statements on Auditing Standards (SASs) (SAS-104 through SAS-111) relating to the auditor’s risk assessment process (collectively referred to as the Risk Assessment Standards), as well as three subsequent, but related, SASs, SAS-112 through SAS-114. Although these new standards represent significant changes to existing audit practice, the Auditing Standards Board believes that adoption of the standards will enhance the auditor’s application of the audit risk model in practice and will result in better quality and more effective audits.
About the Author
Warren Ruppel, CPA, is the Director of Government Services at Marks Paneth & Shron LLP, where he is a key member of the Nonprofit and Government Industries Group as well as the firm’s quality assurance team. He was most recently the Assistant Comptroller for Accounting of the City of New York, where he was responsible for the city’s accounting and financial reporting. He has taught for the New York State Society of CPAs and has been an Adjunct Lecturer of Accountancy at the Bernard M. Baruch College of the City University of New York. Mr. Ruppel is a member of the American Institute of Certified Public Accountants and the New York State Society of CPAs, where he serves on the Not-for-Profit Accounting and Governmental Accounting and Auditing Committees. He is a former president of the New York chapter of the Institute of Management Accountants. He is also a member of the Special Review Committee of the Government Finance Officers Association.