Basic Understanding of Yellow Book and Single Audit 2024 (6 hours)

Overview

The Government Accountability Office recently released a new version of Government Auditing Standards, the Yellow Book. The revised version has been reorganized and realigned to make it easier for professionals to find relevant rules when performing research. This course Updates the government auditing standards and how they apply to the single audit.

Highlights

• Update of the 2018 Revision Government Auditing Standards
• Understand the conceptual framework of independence
• Evaluate non-audit services provided and the threat to independence
• New ruling on Continuing Professional Education
• Introduce a new concept referred to as "Waste"
• Review Engagements under Government Auditing Standards
• Gain an understanding of the requirements for performing a Uniform Guidance compliance audit
• Discuss Internal control over financial reporting vs. Internal control over compliance requirements
• Understand the differences between the auditor's reports issued under Government Auditing Standards

Designed For

Auditors who perform financial statement and compliance audit under Government Auditing Standards, internal auditors and those responsible for grant management.

Objectives

• Apply the most recent requirements of Government Auditing Standards towards auditing governments/not-for-profits
• Recognize the critical considerations in OMB and Government Auditing Standards
• Identify the Federal Funds and Single Audit Requirements

Notice

“Adding to Calendar” does not register you for this event. Please either register online by clicking “Add to Cart” or contacting OSCPA at 503-641-7200 / 800-255-1470, ext. 3. Thank you!