Common Yellow Book & Single Audit Deficiencies
Title : Common Yellow Book and Single Audit Deficiencies
Presented By : Melisa Galasso
This course will review focus areas for peer review of Single Audits and Yellow Book engagements. We discuss the requirements for major program determination, testing compliance, testing internal controls over compliance, sampling, and reporting for Single Audits. We also address Yellow Book CPE and independence requirements. In addition to providing an overview of the common deficiencies and key trends identified by the AICPA, this course will also provide best practices for how entities can properly perform procedures in these areas.
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Learning Objectives
- "Recognize CPE requirements for Yellow Book engagements
- Perform a major program determination compliant with the Uniform Guidance
- Properly identify internal controls over compliance
- Identify compliance requirements in the Uniform Guidance
- Recognize the control risk and internal controls over compliance
- Identify the reporting requirements for Single Audits
- Properly perform sampling under the Uniform Guidance
- Recognize common audit deficiencies
- Recognize the independence requirements for Yellow Book
Level
IntermediatePrerequisites
Prior experience with GAGAS and Uniform Guidance
Public Procurement Basics: Protecting the People's Money
Title : Public Procurement Basics: Protecting the People’s Money
Presented By : Jaclyn Veno
Introducing: Jaclyn Veno
Procurement is a critical component of successful government operations and while there are challenges in public procurement there are a number of guidelines that offer a pathway for success. This course will offer guidance on how governments can meet complicated procurement needs and develop practices that protect public funds.
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Learning Objectives
- Recall the four pillars of public procurement
- Identify public procurement best practices
- Identify key requirements of the procurement standards in the Uniform Guidance
Level
BasicPrerequisites
None
Advanced Preparation
None
Introduction to Yellow Book
Title : Introduction to Yellow Book
Presented By : Melisa Galasso
Performing engagements in accordance with Generally Accepted Government Auditing Standards (GAGAS or “Yellow Book”) requires additional reporting, ethics, and performance requirements. This course will identify and review the guidance found in the Yellow Book and analyze the relationship between Government Auditing Standards and the AICPA Code of Professional Conduct. We will review the Yellow Book requirements for financial statement audits while also touching upon ethical principles and independence.
Key Topics
- Ethical requirements and independence Reporting
- Financial statement audit differences
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Learning Objectives
Recognize the unique auditing requirements in the Yellow Book
Recognize the independence requirements for Yellow Book engagements
Identify the CPE requirements for Yellow Book engagements
Recall the reporting requirements of Yellow Book
Level
BasicPrerequisites
None
Advanced Preparation
None
2024 Yellow Book Update
Title : 2024 Yellow Book Update
Presented By : Melisa Galasso
More and more entities need Yellow Book engagements, including a growing number of for-profit entities. In this course, we will review the unique independence requirements in GAGAS. We'll also review the recent changes to quality management in Yellow Book. We'll close with a reminder of common deficiencies found in Yellow Book engagements. Describe the changes to Chapter 5 of Yellow Book .
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Learning Objectives
- Recognize common Yellow Book deficiencies
- Recall the independence requirements in Yellow Book Learning Objectives
Level
IntermediatePrerequisites
Prior Experience with GAGAS
Common Deficiencies in EBP Audits
Title : Common Deficiencies in EBP Audits
Presented By : Melissa Critcher