Governmental Auditing Update: Yellow Book & Uniform Guidance What You Need to Know

Course Details

Date

Monday, June 14, 2021

8:00am – 11:55am

Field of Study

Auditing (Governmental)

Course Number

AC0462

CPE Credit

4.4 hours CPE credit

Level of Knowledge

Update

Vendor

ACPEN

Prerequisites

Prior experience with GAGAS and Uniform Guidance.

Description

Recently updated to include the 2020 Compliance Supplement, OMB Memo 20-26, and GAOs COVID Alerts, his course covers the changes to Yellow Book and Single Audits.  We will review the major changes auditors need to know when performing audits under GAGAS (aka Yellow Book or Government Auditing Standards). Areas of focus include the updated independence requirements, form and organization of the guidance, and quality control.  We'll then switch gears and cover the Uniform Guidance. This course is designed to provide participants with the information to properly perform and document a Single Audit under the Uniform Grant Guidance. Well focus on considerations that will impact current audits including the new 2019/20 compliance supplement. We also discuss common deficiencies in single audits including internal controls over compliance and direct and material compliance requirements. We conclude with a look at proposed changes to the Uniform Guidance.<?xml:namespace prefix="o" />

Highlights

  • Changes to Yellow Book and Single Audits
  • Single Audit under the Uniform Grant Guidance
  • Auditing

 

Objectives

  • Describe the changes to Yellow Book
  • Analyze how nonaudit services impact independence
  • Identify proposed changes to the Uniform Guidance
  • List common deficiencies found in Single Audits
  • Identify the five methods of procurement
  • Describe the changes to the new Compliance Supplement

Designed For

CPAs performing Yellow Book and Uniform Guidance audits.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$129.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$159.00
Your Price $159.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

View All Webcasts