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Yellow Book and Single Audit Update
Government
CPE Self-study

Yellow Book and Single Audit Update

Has your organization or audit firm assessed the impact of recent changes to Government Auditing Standards, the Uniform Guidance, and the Compliance Supplement and addendum? Join us as we share information regarding receiving and spending federal funds — information that has been subject to a number of updates.

$55.20 - $89
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Auditing (Governmental)

Level

Update

CPE Credits

3.5

Author(s)

Melisa F. Galasso

Availability

1 year

Product Number

YBSAU21SSO

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 Business & partner 
Product Details

Many organizations will be subject to a single audit for the first time as a result of government funding due to the pandemic. Whether you are new to single audits or you have years of experience, this course will provide invaluable insight into the world of government funding. Because single audit rules require both the financial statement audit and the compliance audit to be performed under Government Auditing Standards, it is imperative for staff working on these engagements to have a strong understanding of Yellow Book requirements. These standards lay the foundation for auditors to lead by example in the areas of independence, transparency, accountability, and quality through the audit process. Join us as we discuss the new Uniform Guidance, the Yellow Book, and common deficiencies. We will walk through a major program determination case study and share key insights regarding the receipt and expenditures of federal funds. We will also explore the impact of COVID-19 funding on single audits, various 2020 Compliance Supplement challenges and issues, and information on how the supplement addendum affects your single audits.

Who Will Benefit

  • Preparers of financial statements subject to Yellow Book and single audit requirements
  • Auditors of financial statements subject to Yellow Book and single audit requirements
  • Users of financial statements subject to Yellow Book and single audit requirements

Key Topics

  • Schedule of expenditures of federal awards
  • Major program determination
  • Yellow Book
  • Uniform Guidance
  • Compliance Supplement and addendum
  • Single audits
  • Common deficiencies
Credit Info
CPE Credits
Online
3.5
NASBA Field of Study
Auditing (Governmental)
Level
Update
Prerequisites
Knowlege of auditing organizations that receive federal funds.
Access
Online
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$89.00
AICPA Members
Online
$69.00
NFP Section Members
Online
$55.20

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Instructors
Melisa F. Galasso
CPA
Melisa F. Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with over 15 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not for profit and governmental accounting. Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI. She also supports essential professional development, audit level training, and train the trainer efforts. She is a member of the Financial Accounting Standards Board (FASB) Not-For-Profit Advisory Council (NAC). She served on the AICPA’s Technical Issues Committee, has had leadership roles on various A&A committees, and serves on the VSCPA’s Board of Directors. She was honored as “40 under 40” — by CPA Practice Advisor — in 2017 and 2018, was named the 2019 Rising Star by her regional NAWBO chapter, received the Don Farmer award for achievement in technical content instruction, and earned several other awards for public speaking and technical training.
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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Yellow Book and Single Audit Update
Select from the following options:
Online
$89.00
Nonmember Price
$89.00
Price excluding sales tax
$89.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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