Compliance auditing is a significant risk area for firms. We are now in the year where
engagements will be selected for testing in the OMB mandated quality study. Additionally,
the GAO issued its update of Government Auditing Standards in the summer of 2018.
This course will discuss those changes as well as new questions and answers that have
been recently been included in the Uniform Guidance FAQ document, changes that will
be made to the data collection form for 2019–2021 and changes that the OMB made to
its method for updating the compliance supplement. This course is taught in the popular
question and answer format, discussing real questions and issues that our instructors
receive from practitioners in the field and encounter in practice. This course will:
Provide an update on the changes to the Uniform Guidance; help participants avoid recurring common failures in audits under Government Auditing Standards and the Uniform Guidance; provide the latest changes in professional literature impacting compliance auditing; help participants understand the latest changes in Government Auditing Standards.
DESIGNED FOR
Audit practitioners working on nonprofit and/or public sector clients who need audits performed in accordance with the Yellow Book and the Uniform Guidance. Accountants in nonprofit or government organizations that need a single audit refresher.
BENEFITS
- Identify areas for improvements in their Government Auditing Standards (GAS) and single audits
- Implement changes to audits as a result of changes to professional standards,
including the OMB’s Uniform Guidance
HIGHLIGHTS
Using the very popular FAQ format, the major subjects covered will include: changes in
the cost, administrative and audit requirements, frequently identified issues in compliance
audits related to documentation, multipurpose testing, design of compliance and internal
control tests, sampling applications, reporting findings, schedule of federal awards
and identifying major programs. Questions have been included to help the practitioner
understand the changes in the Yellow Book which was issued in 2018.
COURSE LEVEL
Intermediate
PREREQUISITES
Basic knowledge of compliance auditing, accounting and reporting, Yellow Book and OMB’s Uniform Guidance.
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- Qualifies for Yellow Book.
Course materials are distributed electronically. To access the materials visit
My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.
Help Feed Those in Need- The NJCPA Emerging Leaders Council is hosting a Food Drive to benefit the Community FoodBank of New Jersey. Please bring your nonperishable items and canned goods to this event. Peanut butter and tuna fish are always needed.