Compliance auditing is a significant risk area for firms. In recent reviews by the AICPA task force and agency and pass-through entity reviewers, approximately 50% of audits are nonconforming. This course will identify the current “hot spots,” areas where auditors need to be even more careful with their level of documentation. Now is the time to ensure you are current on all the new developments and are performing all the steps necessary to comply with professional standards.
Course ID: UGC2
Uniform Guidance Compliance Update
- Participants will be able to:
- Identify issues in compliance audits that are the focus of regulators and the AICPA
- Implement best practices for addressing compliance “hot spots”
- Identify the changes to the proposed Yellow Book revision
- Uniform Guidance
- New Yellow Book
DESIGNED FORPractitioners in public accounting that perform audits under the Uniform Guidance. Other practitioners who may be working with federal awards who are interested in the requirements of the Uniform Guidance may also find this course helpful. This 2-hour module contains a compliance auditing update. It can be combined with other modules to create a customized 8-hour program.
FIELD OF STUDY
- Auditing (Gvmt)