The Mystery of Nonaudit Services
Parker Skaats Parker Skaats

The Mystery of Nonaudit Services

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!

Read More
What is the Fraud Triangle?
Parker Skaats Parker Skaats

What is the Fraud Triangle?

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.

Read More
The Green Book
Parker Skaats Parker Skaats

The Green Book

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.

Read More
What is Agile Oversight?
Parker Skaats Parker Skaats

What is Agile Oversight?

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.

Read More
The Audit Entrance Conference
Parker Skaats Parker Skaats

The Audit Entrance Conference

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.

Read More
GAO Ethical Principles
Parker Skaats Parker Skaats

GAO Ethical Principles

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

Read More
Yellow Book CPE Requirements
Parker Skaats Parker Skaats

Yellow Book CPE Requirements

According to the GAO's Yellow Book, auditors are required to complete 80 CPE hours every two years, with 24 hours designated as government CPE.

Read More