CPA Audit Quality:

A Framework for Procuring Audit Services

AFMD-87-34: Published: Aug 18, 1987. Publicly Released: Sep 15, 1987.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

In response to a congressional request, GAO reviewed audits performed by certified public accountants (CPA) for state and local governments to determine whether there is a relationship between the way the governments procure audit services and the quality of audits that result.

GAO found that: (1) state and local governments are almost three times as likely to receive audits that meet professional standards when they have effective procurement processes; (2) the critical attributes that should be present in any procurement regardless of size are competition, solicitation, technical evaluation, and a written agreement; (3) 58 percent of the governments it reviewed used a procurement process that did not meet all four criteria; (4) the incidence of unacceptable quality audits fell from 46 percent to 17 percent when governments met all four criteria; and (5) governments currently have little guidance and employ a wide variety of procurement techniques.

Jul 18, 2018

Jul 17, 2018

Jul 16, 2018

Jun 28, 2018

May 31, 2018

May 24, 2018

May 10, 2018

Apr 17, 2018

Apr 5, 2018

Looking for more? Browse all our products here