Basic Understanding of Yellow Book and Single Audit

Course Details

Date

Friday, September 23, 2022

9:00am – 4:30pm (Registration: 8:30am)

Location

Online

Field of Study

Accounting & Audit

CPE Credit

8 hours CPE credit

Level of Knowledge

Beginning

Vendor

CalCPA

Prerequisites

None

Description

The Government Accountability Office recently released a new version of Government Auditing Standards, the Yellow Book. The revised version has been reorganized and realigned to make it easier for professionals to find relevant rules when performing research. This course overviews the Government Auditing Standards and how the government auditing standards apply to the Single Audit.

Highlights

  • Overview of the 2018 Revision Government Auditing Standards

  • Understanding the conceptual framework of independence

  • Evaluating non-audit services provided and the threat of independence

  • New ruling on Continuing Professional Education

  • Introduction of a new concept referred to as "Waste"

  • Review Engagements under Government Auditing Standards

  • Gain an understanding of the requirements for performing a Uniform Guidance compliance audit

  • Internal control over financial reporting vs. Internal control over compliance requirements

  • Understand the differences of the auditor's reports issued under Government Auditing Standards

Objectives

  • Apply the most recent requirements of Government Auditing Standards towards auditing governments/not-for-profits

  • Recognize the critical considerations in OMB and Government Auditing Standards

  • Identify the Federal Funds and Single Audit Requirements

Designed For

Auditors who perform financial statement and compliance audit under Government Auditing Standards, internal auditors and those responsible for grant management.

Registration for this course has passed.

Course Pricing

WYOCPA Member Fee
$299.00

Non-Member Fee
$399.00

Your Price
$399.00

View All Professional Development Courses