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20WX-0030: What You Need to Know to Audit Government Programs (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Monday, April 6, 2020
11:00am - 1:00pm Central Time
2 CPE ()  |  2 Yellow Book

Qualifies for Yellow Book CPE credit

Audits of governmental programs require special knowledge of federal requirements and criteria including the Uniform Guidance and the GAO's Yellow and Green Books. In this seminar, we will cover the essentials that you need to know to perform an audit of federal grants including the Single Audit requirements and the GAO's Generally Accepted Auditing Standards. We will also discuss the purpose and use of the GAO's Standards for Internal Control in the Federal Government and significant reporting requirements. We will highlight the differences between OMB Circular A-133 and the new Uniform Grant Guidance as well as the differences between a financial audit and a Single Audit. Key acronyms and terminology are explained in plain English.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Major subjects

  • Uniform Grant Guidance
  • Significant GAO standards - the yellow book and the green book
  • Single audit requirements
  • Grant terms and resources
  • Five elements of a finding

Learning objective(s)

  • Identify the significant differences between a commercial financial audit and a Single Audit
  • Identify the three subjects of a single audit
  • Compare the requirements of the AICPA, the GAO, and the Uniform Grant Guidance
  • Evaluate controls using the COSO model and Standards for Internal Control in the Federal Government
  • Distinguish between fraud, abuse, and noncompliance
  • Order the levels of materiality on a Single Audit
  • Select the standards that apply to your engagement & differentiate between types of engagements
  • Define requirements for peer review and quality control
  • Apply the new 2011 independence standards to your team
  • Create findings using the five elements of a finding
  • Identify requirements for continuing professional education
  • Generate concise and logical findings in an hour or less
  • Choose the strongest content for your finding

Who should take this program?

Auditors of federal programs.

Fees

Our records indicate you are a nonmember. If you register, you will be charged $79.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $79.00
checkmark Standard Nonmember Fee $79.00

More program information

Instructor Leita Hart-Fanta, CPA, CGFM
Location Online
Area
of study
Government
Field(s)
of study
Auditing (Governmental) - Technical (2.0)
Level Intermediate
Format Group Internet Based
Sponsor CPA Crossings, LLC
NASBA ID#: 108744
Prerequisites Prereq. one year of audit experience
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.