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9798-384PractAid-06title 8/9/06 5 56 PM Page 1 PRACTICE AID 06-4 Calculating Lost Profits 9798-384 AME RICAN INSTITUTE OF C E R T IFIED P UBLIC A C C O U N TA N T S Business Valuation and Forensic Litigation Services Section Richard A. Pollack Scott M. Bouchner Craig M. Enos Colin A. Johns John D. Moyl Copyright 2006 by American Institute of Certified Public Accountants Inc. New York NY 10036-8775 All rights reserved. For information about the pr...
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AICPA Practice Aid 06 provides guidance on performance audits of state and local governments, focusing on compliance with applicable laws and regulations.
Entities that conduct performance audits as defined by the AICPA, particularly state and local governments, are required to follow AICPA Practice Aid 06.
To fill out AICPA Practice Aid 06, auditors should follow the established guidelines by documenting objectives, criteria, evidence, findings, and recommendations related to the audit.
The purpose of AICPA Practice Aid 06 is to provide a framework for conducting performance audits, ensuring accountability, transparency, and compliance with regulations.
The information that must be reported includes the objectives of the audit, the criteria used for evaluation, the evidence gathered, findings of the audit, and any recommendations for improvement.
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