Common Yellow Book & Single Audit Deficiencies

Overview

Yellow Book & Single Audit engagements are routinely selected for peer review & continue to be areas of heightened scrutiny by peer reviewers & federal oversight agencies. This course examines common deficiencies identified in governmental & Single Audit engagements, with a focus on understanding why these issues arise & how they can be avoided.

Participants will review frequent deficiencies related to Yellow Book requirements issued by the U.S. Government Accountability Office, including independence, CPE & reporting considerations. The course also addresses common Single Audit deficiencies, including internal controls over compliance, compliance testing & major program determination.

Designed for auditors performing governmental & Single Audit engagements, this course helps participants recognize recurring problem areas & better understand the requirements that continue to drive peer review findings.