Yellow Book Independence and Single Audit Fundamentals Webinar
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Yellow Book Independence and Single Audit Fundamentals Webinar

CPE

When
Oct. 4
11:30 a.m. - 3:30 p.m.

CPE Credits
4-A&A

Details

 Pricing

PICPA Member: $139 | Nonmember: $189


 More Information

Course No.
PAABYBI4
Level
Basic
Prerequisites
General knowledge of Yellow Book and single audits
Note
This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from messenger@webex.com with the log-in information.

Description

This CPE course explains Yellow Book independence including the general requirements, requirements for auditors providing non-audit services and documentation requirements. This course also explains the basic elements of a Uniform Guidance compliance audit, including an overview of requirements, major program determination with examples, an understanding of compliance requirements and related internal control over compliance, sampling, and single audit reporting. It also covers the COVID-19 changes related to GAGAS. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:

After attending this presentation you will be able to...

  • Identity the conceptual framework for making independence determinations
  • Identify independence threats related to preparing financial statements and accounting records
  • Identify specific non-audit services that would and would not impair independence
  • Complete proper audit documentation to support adequate consideration of auditor independence
  • Identify what a single audit entails
  • Identify the basic audit requirements in a Uniform Guidance compliance audit
  • Identify key auditee and auditor responsibilities in the compliance audit of federal awards
  • Recognize key consideration related to the auditor's responsibilities regarding testing and reporting on compliance under the Uniform Guidance

Highlights

The major topics that will be covered in this class include:

  • The conceptual framework approach to independence
  • Independence threats related to preparing financial statements and accounting records
  • Consideration of specific non-audit services that would and would not impair independence
  • Documentation necessary to support adequate consideration of auditor consideration
  • Fundamentals of a compliance audit performed under the Uniform Guidance
  • Schedule of expenditure of federal awards
  • Determination of major programs
  • Using the Compliance Supplement 
  • Uniform Guidance administrative requirements and cost principles 
  • Testing internal control over compliance
  • Testing compliance
  • Writing an audit finding
  • Reporting requirements of a single audit
  • COVID-19 changes


Speaker(s)


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