Course ID: SAYB

Studies on Single Audit and Yellow Book Deficiencies

This course focuses on areas that may need special attention in a single audit. Increase your knowledge regarding these areas found in single audits and Yellow Book engagements using simulated case studies and practice exercises with lessons for today’s issues. These case studies and practice exercises are based on Government Auditing Standards, 2011 Revision and the Uniform Guidance and will assist you in avoiding common mistakes and recognizing deficiencies before it’s too late.


LEARNING OBJECTIVES
  • Identify issues related to engagement letters.
  • Analyze the requirements of continuing professional education (CPE) under the Yellow Book CPE rules.
  • Compare key points concerning the Government Auditing Standards, 2011 Revision Independence Framework to related issues.
  • Identify considerations for major program determination.
  • Determine the process of drafting an audit finding.
  • Differentiate auditee and auditor responsibilities related to the Schedule of Expenditures of Federal Awards (SEFA) and potential problem areas in SEFA presentation.
  • Identify the reporting requirements of a single audit.

MAJOR TOPICS
  • Engagement letters
  • Management representation letters
  • Yellow Book CPE
  • The Government Accountability Office and Independence
  • Major program determination
  • Abuse
  • Fraud risk factors
  • Audit sampling
  • Documentation
  • Drafting findings
  • SEFA
  • Reporting requirements
  • Update on Government Auditing Standards, 2018 Revision

DESIGNED FOR
Auditors performing single audits and internal financial staff of governmental and not-for-profit entities

FIELD OF STUDY
Accounting
Auditing

PREREQUISITES
Experience in Yellow Book and OMB environment

COURSE PRODUCER
AICPA

CPE CREDITS
8.0

LEVEL
Intermediate

This course is available for your group as:

Group Live
 

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