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course

Common Yellow Book & Single Audit Deficiencies

(4)
4.25
New Course
4 Hours (On-Demand)
4.0 CPE  

This course is a premium+ course it can be accessed either by individual purchase or through a premium+ subscription

Purchase this course | $168

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: August 13, 2023

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 (4 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 .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Common Yellow Book & Single Audit Deficiencies1:31
SINGLE AUDIT
  Single Audit5:10
  Major Program Determination11:16
  Four Steps Approach to Major Program Determination23:10
  Applicable Compliance Requirements15:10
  Internal Controls Over Compliance15:55
  COSO 201314:09
  An Exercise13:03
  Sampling15:59
  Reporting9:10
  Elements of Findings12:35
Yellow Book
  Yellow Book0:47
  CPE (2018 YB)13:46
  Independence9:55
  Independence (Threats)15:13
  Non-Audit Services12:25
  Preparing Accounting Records and Financial5:14
CONTINUOUS PLAY
  Common Yellow Book & Single Audit Deficiencies3:14:28
SUPPORTING MATERIAL
  Slides: Common Yellow Book & Single Audit DeficienciesPDF
  Common Yellow Book & Single Audit Deficiencies Glossary/ IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam