Common Yellow Book & Single Audit Deficiencies - 2023

Tuesday, February 11, 2025
Webcast or Webinar, Online
10:00AM - 1:40 PM (opens at 9:30 AM) EST
4Credits
Accounting and Auditing

Registration is Open

Members
$129.00 Regular Price
Non-Members
$159.00 Regular Price

CPE PowerPass Users

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$80.00 Members / $112.00 Non-Members
Course Type: Webcast
Course Code: 24/AC767429
Level: Intermediate
Vendor: ACPEN
Field of Study: Auditing (Governmental)

Overview:

Yellow Book and Single Audit engagements are considered must-select engagements for peer review. This course will review the common deficiencies noted by peer reviewers and federal agencies. We'll focus on the requirements of Yellow Book independence, CPE, and reporting. We will also review deficiencies related to internal controls over compliance, compliance testing, and major program determination for Single Audits. We'll close the course with a look at the deficiencies often identified in COVID-related funds.

Objectives:

  • Identify common deficiencies in Yellow Book Engagements
  • Recall the independence requirements in Yellow Book
  • Identify common single audit deficiencies
  • Recall common deficiencies found related to COVID-19 funding

Major Topics:

  • ICOC
  • Compliance Testing
  • Major Program Determination

Major Topics:

  • ICOC
  • Compliance Testing
  • Major Program Determination

Designed For:

Ideal for accountants in public practice who serve governmental and nonprofit entities

Prerequisites:

Prior experience with governmental accounting