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J04 – The Compliance Supplement and New Yellow Book: Lessons Learned (LIVESTREAM) (LIAA91/21)

Event Description

This course covers the important changes to Yellow Book as well as Single Audits. We will review the major changes auditors need to understand when performing audits under GAGAS (aka Yellow Book or Government Auditing Standards). Areas of focus include the updated independence requirements, form and organization of the guidance, and quality control. We will then switch gears and cover the Uniform Guidance including the most recent changes to the Uniform Guidance issued in 2020 as well as the impact of COVID on Single Audits.

Designed For

Ideal for CPAs performing Yellow Book and Uniform Guidance audits

Objectives

  • Analyze how nonaudit services impact independence
  • Describe changes to the Uniform Guidance
  • Recall impact of COVID19 on Single Audits and GAGAS engagement

Major Subjects

Key focus areas include: 

  • 2018 Yellow Book 
  • COVID19 GAGAS Alert 
  • Uniform Guidance Update

Instructions

This event is brought to you as part of Spring Splash.