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This course covers auditor responsibilities related to waste and abuse under the lenses of the 2018 Yellow Book released by the Government Accountability Office (GAO), the Office of Management and Budget (OMB) Uniform Guidance, and the American Institute of Certified Public Accountants (AICPA) Government Auditing Standards. The course discusses the current environment and expectations of the general public, the media, and legislators regarding the responsibility regarding waste and abuse for those who audit government or not-for-profit entities.  Also included in this course are multiple case discussions and situational analyses to help the auditor understand the difference between fraud, waste, and abuse characteristics.

Learning Objectives

  • Recognize auditor responsibilities related to waste and abuse in the financial statements per the Government Accountability Office (GAO) 2018 Yellow Book.
  • Identify the reasons some media and legislators believe that large-scale, effective solutions to government waste reside with lawmakers.
  • Identify the key differences between fraud, abuse, and waste.
Last updated/reviewed: November 23, 2019

2 Reviews (6 ratings)Reviews

5
Anonymous Author
Adam makes very good use of cases to illustrate his points. This is a good introductory video
4
Member's Profile
Included videos to consider how abuse in government impacts other spending priorities.

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course, but completion of the other courses in this series is recommended.

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
  5:24Introduction to Government and Not-For-Profit Training – Waste and Abuse
  7:44What The Yellow Book (2018) Says
  10:11What The ACIPA Says
  10:37What Is The Auditor To Do
  11:46Travel and Entertainment; What The Auditor Doesn't Have To Do
  1:37Summary
CONTINUOUS PLAY
  47:19Government and Not-For-Profit Training – Waste and Abuse Full Video
SUPPORTING MATERIALS
  PDFSlides: Government and Not-For-Profit Training – Waste and Abuse
  PDFGovernment and Not-For-Profit Training – Waste and Abuse Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM