Virtual
Basic Understanding of Yellow Book and Single Audit 2023
Date: March 21, 2024
Time: 8 a.m. – 1:30 p.m. PT
Overview
The Government Accountability Office recently released a new version of Government Auditing Standards, the Yellow Book. The revised version has been reorganized and realigned to make it easier for professionals to find relevant rules when performing research. This course overviews the Government Auditing Standards and how the government auditing standards apply to the Single Audit.
Product Code
1000001895-118595
Credit Type
CPE: 6CPE-AA: 6CPE-GT: 6CPE-Technical: 6YB: 6Accessibility
Closed Captioning Available
Intended Audience
Auditors who perform financial statement and compliance audit under Government Auditing Standards, internal auditors and those responsible for grant management.
NASBA Field of Study
Accounting (Governmental)
Level of Difficulty
Basic
Prerequisites
None.
Advance Preparation
None.
Learning Objectives
Major Subjects
- Overview of the 2018 Revision Government Auditing Standards
- Understand the conceptual framework of independence
- Evaluate non-audit services provided and the threat to independence
- New ruling on Continuing Professional Education
- Introduce a new concept referred to as "Waste"
- Review Engagements under Government Auditing Standards
- Gain an understanding of the requirements for performing a Uniform Guidance compliance audit
- Discuss Internal control over financial reporting vs. Internal control over compliance requirements
- Understand the differences between the auditor's reports issued under Government Auditing Standards
Faculty
Additional Details
This course was recorded on 6/7/2023. The instructor will be available via the chat feature to answer questions during the presentation.