Auditing State and Local Governments

3 Credits: Auditing


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Auditing State and Local Governments

Course Level
CPE Credits

3 Credits: Auditing

Course Description

Government entities present significant auditing challenges, since they may operate a multitude of funds, deal with grant funding, and account for significant infrastructure assets. In the Auditing State and Local Governments course, we examine how the auditor can navigate these challenges by delving into government controls and using targeted audit procedures. Particular attention is paid to component units, fund classifications, interfund activity, and the government budget.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Recognize why an audit strategy is needed, and what it controls.
  • Identify the issues associated with the environment in which a government operates.
  • Specify the risk assessment steps associated with the audit of a government entity.
  • Recognize when a government’s internal audit function can be used by the auditor.
  • Identify the budget controls that a government entity might use.
  • Specify the controls that a government entity might use over financial reporting.
  • Recognize when a misstatement is considered to be material.
  • Identify the actions that can be taken to reduce detection risk.
  • Specify the events or conditions that indicate the presence of a risk of material misstatement.
  • Identify the areas in which an auditor may choose to hire a specialist when auditing a government entity.
  • Specify who is responsible for fraud prevention and detection.
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Course Specifics

Course ID
Revision Date
March 4, 2024

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …