New Search Add to Cart

Overview

8.0 Credits
IN-PERSON

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 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 & Answer format and discusses real questions and issues that Loscalzo 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

Objectives

Participants will be able to:  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

Major Topics

Using the very popular "Loscalzo 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.

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

Prerequisite

Basic knowledge of compliance auditing, accounting and reporting, Yellow Book and OMB's Uniform Guidance

Sessions

Please select the appropriate session or option below to continue with your online purchase.

Materials Option

How would you like to receive your course materials?:

Your registration fee includes an electronic copy of the course manual. Your eMaterials will be available for download in the "My CPE" area of the website one week before the program date. Please note: Program cancellations will not be allowed once you have downloaded your eMaterials from the website. Copyright note: Reproduction or distribution of the manual or any portion of it is prohibited unless written permission is obtained from the course provider.

We will print a manual and provide it to you at registration the morning of the program.

Add to Cart

Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor specific basis depending on that auditor's Yellow Book clients. Note that the determination of course qualification is a matter of an auditor's professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.