1 / 11

Peer Review Training – National Science Foundation February 7, 2012

Peer Review Training – National Science Foundation February 7, 2012. Appendix F – Checklist for Review of Monitoring Performed over Contracted Audits and Attestation Engagements by Non-Federal Auditors. Kieu Rubb, Treasury OIG rubbk@oig.treas.gov 202-927-5904. What I’ll Talk About Today.

wayde
Télécharger la présentation

Peer Review Training – National Science Foundation February 7, 2012

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Peer Review Training – National Science Foundation February 7, 2012 • Appendix F – Checklist for Review of Monitoring Performed over Contracted Audits and Attestation Engagements by Non-Federal Auditors Kieu Rubb, Treasury OIG rubbk@oig.treas.gov 202-927-5904

  2. What I’ll Talk About Today • Things to Remember • Contracting Process • Audit Report and Transmittal • Conclusions • Questions

  3. Things to Remember • OIG is not the principal auditor • OIG transmits IPA’s report • IPA monitoring is not an Audit • TeamMate for documentation • May also use IPAs for attest or performance audits • Staffing – experienced auditors/COTR

  4. Contracting Process • IPAs - licensed CPAs or working for licensed CPAs • Process differs • new contract/task order • existing contract

  5. New Contract/Task Order • Did the OIG review the IPA’s • Qualifications and experience • Technical approach, GAGAS, regulatory/statutory • Independence • Internal QA system • Last peer review and related separate communication of matters/findings/deficiency • PCAOB monitoring/inspection reports • Proposed milestones and deliverables

  6. Existing Contract • Did the OIG update assessment of IPA’s: • Qualifications/experience (and key personnel in contract) • Independence • Internal QA system • Last peer review and related separate communication of matters/findings/deficiency • PCAOB monitoring and/or inspection reports

  7. Audit Report • OIG association to and responsibility for the audit report • Source – SOW and OIG report transmittal • Auditor documented planned level of review for level of reliance on IPA’s work • Level of review appropriate

  8. Monitoring IPA Work Quality • Did the OIG • Hold/attend periodic meetings • Review and comment on deliverables/reports • Review whether audit objectives consistent with contract and proposal • Monitor and revise milestones as needed • Conduct site visits as needed • Monitor other significant issues/results • Review adequacy of IPA audit documentation

  9. Monitoring IPA Work Quality • Was level of assurance adequate and/or reasonable with recommended guidance from FAM 650 for financial statement audits?

  10. Monitoring Complete • Did the OIG: • Review IPA report for GAGAS compliance? • Ensure the OIG report transmittal memo consistent the level of OIG assumed assurance/responsibility? • Review IPA audit documentation for GAGAS compliance?

  11. Question For questions or comments on the guide or peer reviews, contact APRG@oig.treas.gov Kieu Rubb, Treasury OIG, rubbk@oig.treas.gov, 202-927-5904

More Related