Common Yellow Book & Single Audit Deficiencies

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.

Highlights

• Auditing
• Yellowbook
• COVID-related funds

Prerequisites

Prior experience with GAGAS and the Uniform Guidance

Designed For

Accounting Professionals

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

Preparation

None