Required Internal Control and Fraud Reports in Audits of Governmental and Nonprofit Entities  

Both GAGAS and the Uniform Guidance require the auditor to communicate in writing fraud and material weaknesses and significant deficiencies in internal control to entity management and those charged with governance and to report in writing to external parties in some circumstances. This chapter describes the auditor's communication and external reporting requirements for internal control deficiencies and instances of fraud or suspected fraud. It also includes requirements for communicating and reporting waste and abuse, since they often are a result of noncompliance.

This course is most beneficial to professionals new to internal control and fraud in governmental and nonprofit entities who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this subject.