Common Yellow Book & Single Audit Deficiencies - 2023

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

• ICOC
• Compliance Testing
• Major Program Determination

Prerequisites

Prior experience with governmental accounting

Designed For

Ideal for accountants in public practice who serve governmental and nonprofit entities

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

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by ACPEN. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.