Part I: Background of Federal Auditing.

1. Background of Federal Auditing.

2. Federal Audit Criteria: Laws, Regulations, Audit Standards.

3. The Federal Government and Sarbanes-Oxley.

4. Auditors of Federal Agencies and Programs: Federal Auditors, State Auditors, Independent Auditors.

Part II: Federal Budgeting, Accounting and Financial Statements.

5. The Federal Budget.

6. Federal Financial Statements.

Appendix: Financial Statement Account Balances Checklist.

Part III: Auditing in the Federal Government.

7. The Federal Audit Model.

8. Planning the Audit.

9. Documenting Internal Controls: What, Who, Where, Why?

10. Assessing and Evaluating Control Risks.

11. Test of Controls, Transactions, and Accounts.

Appendix: Evaluation and Testing of EDP Systems: A Methodology.

12. End-of-Audit, Quality Control, and Reporting Procedures.

Appendix: Illustrations of Auditors’ Reports.

Part IV: Nature of Selected Federal Audits.

13. Single Audits.

14. Performance Audits.

15. Procurement and Contract Audits.

16. Grant Audits.