Events Calendar
Yellow Book and Performance Audits
From Monday, October 17, 2022 - 08:30am
To Tuesday, October 18, 2022 - 12:30pm
To Tuesday, October 18, 2022 - 12:30pm
Hits : 677
by This email address is being protected from spambots. You need JavaScript enabled to view it.
Contact This email address is being protected from spambots. You need JavaScript enabled to view it.
Day One - Yellow Book Update and Performance Audits Under Yellow Book
This course will be an overview of:
Scope and nature of Government Auditing Standards (Yellow Book) for 2022 & 2023
Yellow Book general standards, including independence
Requirements for performing financial statement audit performed in accordance with generally accepted auditing standards and Yellow Book
Reporting and communication requirements of a financial statement audit performed under Yellow Book
Differences in audit objectives and reporting requirements for various Yellow Book engagements, including performance audits
Performance Audit introduction
Ethics, independence, and professional judgment
Competence
Quality control and peer review
Planning performance audits
Conducting the engagement
Standards for internal control
Reporting
Conducting the engagement
Standards for Internal Control
Learning Objectives
After completing this course, the learner should be able to:
Describe the scope and nature of Government Auditing Standards (Yellow Book).
Explain independence, competency, and other general requirements.
Discuss the differences in an auditor's responsibilities on a financial statement audit under
Government Auditing Standards compared to generally accepted auditing standards (the SASs)
Describe the special reporting and communication requirements of any Yellow Book
engagement.
Explain the objective of performance audits and how they differ from other attest engagements
List the requirements of Government Auditing Standards (Yellow Book) applicable to
performance audits
Explain how to plan and perform a performance audit
Describe how to report results of a performance audit
Day Two - Internal Control Considerations—Focus on Non-profits and Governmental Entities
Foundation and Common audit deficiencies: Governmental audits (4 CPE)
This course will be an overview of:
Definition and overall objective of internal controls
Structural standards for internal control
Objectives, components, and principles of internal control
Special considerations for internal control over compliance with federal awards
Auditor's responsibilities related to internal control
Common audit deficiencies for governmental entities
Common Yellow Book Deficiencies
Common Single Audit Deficiencies
Learning Objectives
After completing this course, the learner will be able to:
Discuss the common frameworks applied by non-profit and governmental entities to design and
implement internal controls over financial reporting.
Describe additional responsibilities when designing internal control over compliance with
federal program awards.
Explain the independent auditor's responsibilities for identifying and communicating internal
control related matters in financial statement and compliance audits.
Discuss the common frameworks applied by non-profit and governmental entities to design and
implement internal controls over financial reporting.
Describe additional responsibilities when designing internal control over compliance with
federal program awards.
Explain the independent auditor's responsibilities for identifying and communicating internal
control related matters in financial statement and compliance audits.
Location Online via Becker Professional Education
Instructors: Jennifer Louis and Bernice Lemaire-Harvey