Common Yellow Book & Single Audit Deficiencies

This course reviews focus areas for peer review of Single Audits and Yellow Book engagements. We discuss the requirements for major program determination, testing compliance, testing internal controls over compliance, sampling, and reporting for Single Audits.

We also address Yellow Book CPE and independence requirements. In addition to providing an overview of the common deficiencies and key trends identified by the AICPA, this course also provides best practices for how entities can properly perform procedures in these areas.