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 the Yellow Book 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 under the Yellow Book CPE rules.
  • Compare key points concerning the GAGAS 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.
  • Choose the reporting requirements of a single audit.

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

PREREQUISITES
Experience in Yellow Book and OMB environment

CPE CREDITS
8.0

LEVEL
Intermediate

This course is available to be scheduled as:

Group Live On-Demand - 8+ hours On-Demand Self Study
 

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