Yellow Book Independence and Single Audit Fundamentals
Date/Time
5/20/2024
10:00 AM - 2:00 AM Central
10:00 AM - 2:00 AM Central
Course Registration
Credits
4 Credits
Event Type(s)
Webinars
Event 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. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
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
Instructor:
Adelina Burke, CPA
Fields of Study:
Auditing (Governmental)
Major Topics:
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
Instructor:
Adelina Burke, CPA
Fields of Study:
Auditing (Governmental)
Major Topics:
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
Location
Webinar
Outlook/vCalendar/Google
Click on the icon next to the date(s) to add to your calendar:
| 5/20/2024 |    |
Email Reminder
