Video: Single and Governmental Audits, Service Organizations, Special-purpose & Other Country Frameworks Summary

This lesson provides an overview of the types of entities subject to single and governmental audits, as well as the criteria and responsibilities associated with these engagements. Additionally, the lesson delves into audits that use special-purpose frameworks, including understanding how other countries may approach these types of audits. Despite the phasing out of special-purpose frameworks in 2024, the lesson emphasizes the importance of being well-versed in this area until it is officially removed from the exam. Join Nick Palazzolo, CPA, for an informative discussion on these critical audit topics.