Elements of a Finding - What Government Auditors Expect in All Findings - Yellow Book Series (Video) (Course Id 2144)

• Who is this course for?
  This course is intended for anyone needing Continuing Professional Education (CPE), especially CPAs and those who administer government grants.

• What is this course about or what problem does this course solve?
  The course explains what government auditors expect to see in audit findings, particularly in governmental audits and Single Audits, helping professionals avoid deficient findings.

• How can the knowledge from this course be used?
  Participants can use this knowledge to properly prepare or review audit findings, ensure compliance with Yellow Book standards, and enhance the quality and effectiveness of audit reports.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  It helps CPAs avoid financial and reputational risks by ensuring their audit findings meet longstanding governmental standards.

• When is this course relevant or timely?
  The course is especially relevant when conducting or reviewing governmental audits, including Single Audits, and remains timely due to its 2023 release and recent revision in May 2024.

• How is a course like this consumed or used?
  This is a self-study video course delivered via NASBA QAS format, which includes 3 pages of content, review questions, and a final exam for CPE credit.

In this course, two retired Federal Regional Inspectors General will explain what government auditors expect to see when they read an audit finding in a governmental audit, including Single Audits.  In governmental audits, a finding is a construct with components that have been in place for over 50 years.  As a result, government auditors expect all findings to have all the components that the Yellow Book calls for.  Issuing a Single Audit with deficient findings can harm a CPA’s finances and his or her reputation.

If you administer government grants, you should also know what a finding should contain in order to properly review findings that CPAs prepare when auditing your organization.

Video - NASBA QAS - Text - NASBA Registry - 2144

Course Learning Objectives

• Identify the five attributes of a finding
• Describe some techniques to improve a finding’s presentation
• Identify techniques to get results from a finding’s presentation.
• Identify ways to develop useful recommendations

Chapter 1 - Elements of a Finding - What Government Auditors Expect in All Findings

Chapter 1 Review Questions

Glossary