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CPE Self-Study
Studies on Single Audit and Yellow Book Deficiencies
NASBA FIELD OF STUDY
Auditing (Governmental)
LEVEL
Intermediate
CPE CREDITS
Text: 7.0, Online: 7.5
Learn how to avoid common audit deficiencies in your single audits.

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CPE On-Demand
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Product details

Recognize deficiencies before it's too late.

Who Will Benefit?

  • Auditors performing single audits who are seeking to improve their understanding of the related requirements in order to perform high-quality audits

Key Topics

  • Engagement letters
  • Management representation letters
  • Yellow Book continuing professional education Auditor independence
  • Schedule of expenditures of federal awards Determination of major programs
  • Audit sampling in a compliance audit
  • Audit findings
  • Documentation
  • Reporting requirements of a single audit

Learning Objectives

  • Identify common deficiencies found in single audits.
  • Identify what is required when preparing a schedule of expenditures of federal awards
    (SEFA).
  • Properly identify major programs.
  • Identify considerations regarding sampling in the Uniform Guidance compliance audit.
  • Identify the elements of an audit finding to assist in writing high-quality findings.

Common audit deficiencies can be avoided by understanding the requirements of a single audit and then properly applying the guidance.

In this self-study course, areas such as auditor independence, preparing a SEFA, determining major programs, drafting audit findings, and reporting on federal awards in the Uniform Guidance compliance audit are examined via real-life situations.

Once completed, you will be able to apply the knowledge gained in order to perform highquality audits. This CPE course can also help you prepare for the coming OMB quality study.

Enhanced On-Demand Format

This Enhanced On-Demand Format features audio and voice narration to keep you actively engaged with the course content. Additionally, updated course navigation allows you to easily move throughout the material. For your convenience, a PDF version of the text manual is included for download to use as a reference guide.

Table of contents
Ratings and reviews
Author(s)

Rebecca Meyer

Rebecca Meyer, CPA, CGMA, is President of RAM CPA, PLLC located in Raleigh, NC and is a seasoned CPA and management accountant with more than 22 years of technical finance and leadership expertise in various aspects of attest, accounting and compliance services. Her firm specializes in collaborating with state and local governments, nonprofit organizations, small businesses, regulators, and other CPA firms to provide high quality audit, attest, accounting, finance, and compliance services.

Prior to forming her own firm, Ms. Meyer worked for eleven years as a Technical Manager in the AICPA's Professional Ethics Division, where she helped to enforce the AICPA's Code of Professional Conduct by investigating allegations of violations of technical accounting and attest standards, including U.S. Generally Accepted Accounting Principles ("GAAP"), Generally Accepted Auditing Standards ("GAAS"), Generally Accepted Government Auditing Standards ("GAGAS"), Uniform Guidance, ERISA and others.  In this role, she assisted in remediation and education of members to improve the overall quality of professional services performed in the industry.  Ms. Meyer specializes in government, nonprofit and Single Audit engagements.

Ms. Meyer is a member of the AICPA and the North Carolina Association of CPAs. She serves on the AICPA's Technical Standards Subcommittee as well as the Government Accounting and Auditing Committee and the Nonprofit Accounting and Auditing Committee of the North Carolina Association of CPAs.

Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

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Price:
$189.00
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Estimated total:
$189.00
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CREDIT INFO
CPE credits
Text
: 7.0,
Online
: 7.5
NASBA Field of Study
Auditing (Governmental)
Level
Intermediate
Prerequisites
Experience in Yellow Book and OMB Circular A-133 compliance auditing environment
ADVANCE PREPARATION
None
Yellow Book Hours
Text - 9; Online - 7.5
Delivery Method
QAS Self-Study
Course acronym
SAYB
GROUP PRICING
Contact a representative for group pricing.
Telephone: 800.634.6780 (Option 1)
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