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This is a Premium course and can only be enrolled by curriculum:

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.

Learning Objectives

  • Recognize CPE requirements for Yellow Book engagements.
  • Identify and perform a major program determination compliant with the Uniform Guidance.
  • Explore and properly identify internal controls over compliance.
  • Identify compliance requirements in the Uniform Guidance.
  • Recognize the control risk and internal controls over compliance.
  • Identify the reporting requirements for Single Audits.
  • Explore and properly perform sampling under the Uniform Guidance.
  • Recognize common audit deficiencies.
  • Recognize the independence requirements for Yellow Book.
Last updated/reviewed: September 29, 2021

Included In Certifications

This course is included in the following Certification Programs:

5 CoursesIntermediate Yellow Book Certification

  1. Not-for-Profit GAAP Update
  2. Government GAAP Update
  3. Uniform Guidance Update
  4. Yellow Book Update
  5. Common Yellow Book & Single Audit Deficiencies

1 Review (2 ratings)Reviews

3
Anonymous Author
This course felt a little long for the topic matter. I would have preferred if it could have been split into two separate classes

Prerequisites

Course Complexity: Intermediate

Who Should Attend: CPAs performing Yellow Book and Uniform Guidance audits.
Prior experience with GAGAS and Uniform Guidance.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  1:31Introduction to Common Yellow Book & Single Audit Deficiencies
SINGLE AUDIT
  5:10Single Audit
  11:16Major Program Determination
  23:10Four Steps Approach to Major Program Determination
  15:10Applicable Compliance Requirements
  15:55Internal Controls Over Compliance
  14:09COSO 2013
  13:03An Exercise
  15:59Sampling
  9:10Reporting
  12:35Elements of Findings
Yellow Book
  0:47Yellow Book
  13:46CPE (2018 YB)
  9:55Independence
  15:13Independence (Threats)
  12:25Non-Audit Services
  5:14Preparing Accounting Records and Financial
CONTINUOUS PLAY
  3:14:28Common Yellow Book & Single Audit Deficiencies
SUPPORTING MATERIAL
  PDFSlides: Common Yellow Book & Single Audit Deficiencies
  PDFCommon Yellow Book & Single Audit Deficiencies Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM