Video

  • 6 minutes

A-133 Audit - Filling the Assurance Bucket

 
Whether it’s A-133 or whether it’s uniform guidance, one of the key elements that you should be focused on is compliance and assurance. As you start filling the “assurance bucket” related to federal monies the first thing you should do is review your risk assessment procedures and the elements that drive risk. The next step is to test the controls over compliance. This is followed up with determining individually important items, such as analytical procedures and other compliance tests, as well as expectations of program and funding. While you are filling the assurance bucket with these three steps you are left with your remaining risk of noncompliance.

In this video our speaker, Rob Leslie, CPA, reviews these steps as well as discusses detailed tests of compliance via sampling. He reviews the driven risk factors for the sampling including the ability for the organization to comply, is this a new contract, does the contract have a significant amount of nuances that are difficult to understand?

Rob Leslie, CPA is a partner with Eide Bailly LLP. His area of practice has been solely in the area of providing professional services to nonprofit organizations, including financial statement audits and those with OMB Circular A-133 requirements. Mr. Leslie is a national AICPA CPE instructor and teaches numerous courses in nonprofit auditing, management, fraud and various new developments.
Runtime: 6 minutes

Faculty

Rob Leslie, CPA

Agenda

Faculty

Rob Leslie, CPA

  • Partner with Eide Bailly LLP
  • Area of practice has been solely in the area of providing professional services to nonprofit organizations, including financial statement audits and those with OMB Circular A-133 requirements
  • Former nonprofit industry leader for another national CPA firm for 20 years
  • Current member of Nonprofit Industry Executive Committee of Eide Bailly, LLP
  • Served as one of 15 members of the AICPA Nonprofit Industry Committee
  • Served as nonprofit conference chair for the Arizona Society of CPA’s
  • AICPA CPE instructor nationally and teaches numerous courses in nonprofit auditing, management, fraud and various new developments
  • Presented at numerous nonprofit industry conferences
  • Adjunct professor and lecturer at Arizona State University’s Lodestar Center for Philanthropy and Innovation
  • Serves on several boards of directors and finance committees of various local, regional and national nonprofits
  • Certified CPA in the State of Arizona
  • B.S. degree in accounting, Arizona State University
  • Can be contacted at 602-264-8649 or [email protected]

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