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24WX-0344: Yellow Book Independence and Single Audit Fundamentals (Webinar)

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

Monday, May 20, 2024
10:00am - 2:00pm Central Time
4 CPE (4 technical)

Alternate dates & more options

  • Thursday, July 25, 2024 - Webinar
  • Monday, August 26, 2024 - Webinar
  • Thursday, September 12, 2024 - Webinar
  • Monday, October 7, 2024 - Webinar

This CPE course explains Yellow Book independence including the general requirements, requirements for auditors providing non-audit services and documentation requirements. This course also explains the basic elements of a Uniform Guidance compliance audit, including an overview of requirements, major program determination with examples, an understanding of compliance requirements and related internal control over compliance, sampling, and single audit reporting. 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

  • The conceptual framework approach to independence
  • Independence threats related to preparing financial statements and accounting records
  • Consideration of specific non-audit services that would and would not impair independence
  • Documentation necessary to support adequate consideration of auditor consideration
  • Fundamentals of a compliance audit performed under the Uniform Guidance
  • Schedule of expenditure of federal awards
  • Determination of major programs
  • Using the Compliance Supplement
  • Uniform Guidance administrative requirements and cost principles
  • Testing internal control over compliance
  • Testing compliance
  • Writing an audit finding
  • Reporting requirements of a single audit

Learning objective(s)

  • Identity the conceptual framework for making independence determinations
  • Identify independence threats related to preparing financial statements and accounting records
  • Identify specific non-audit services that would and would not impair independence
  • Complete proper audit documentation to support adequate consideration of auditor independence
  • Identify what a single audit entails
  • Identify the basic audit requirements in a Uniform Guidance compliance audit
  • Identify key auditee and auditor responsibilities in the compliance audit of federal awards
  • Recognize key consideration related to the auditor's responsibilities regarding testing and reporting on compliance under the Uniform Guidance

Who should take this program?

CPAs in public practice and members in industry

Fees

Our records indicate you are a nonmember. If you register, you will be charged $149.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $149.00
checkmark Standard Nonmember Fee $149.00

More program information

Instructor Adelina Burke
Location Online
Area
of study
Government
Field(s)
of study
Auditing (Governmental) - Technical (4.0)
Level Basic
Format Group Internet Based
Sponsor CPA Crossings, LLC
NASBA ID#: 108744
Prerequisites Prereq. General knowledge of Yellow Book and single audits
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.