Common Yellow Book and Single Audit Deficiencies (SMAA08/22)
This course is designed to cover the topics most identified in peer review as being deficient when performing Yellow Book and Uniform Guidance audits. We’ll cover the major deficiencies identified by the AICPA and discuss how to properly perform procedures to be compliant. High level areas of training include sampling, reporting under Uniform Guidance, risk assessment under Uniform Guidance, Internal Controls Over Compliance and Compliance Testing as well as Yellow Book CPE and independence.
Attendees will be to:
- Recall requirements for Yellow Book Independence
- Properly test internal controls over compliance and compliance
- Describe proper sampling methodology
- Identify appropriate single audit reports