The administrative rules in the Uniform Guidance for federal grants cover a lot of ground. Let Sefton Boyars and Bill Allen guide you through these requirements for managing grants from the grantee, the grantor, and the auditor perspective. Sefton and Bill will provide you with hard-earned insights into the trickier, unexpected clauses that could hang you up.
This course covers the latest administrative rules published in the OMB Uniform Guidance Admin Rules in Title 2: Part 200 of the Code of Federal Regulations (also known as: Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards)
The administrative rules in the Uniform Guidance for federal grants cover a lot of ground. Let Sefton Boyars and Bill Allen guide you through these requirements for managing grants from the grantee, the grantor, and the auditor perspective. Sefton and Bill will provide you with hard-earned insights into the trickier, unexpected clauses that could hang you up.
This course covers the latest administrative rules published in the OMB Uniform Guidance Admin Rules in Title 2: Part 200 of the Code of Federal Regulations (also known as: Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards)
Author : | Andrew Clark, EA |
Course Length : | Pages: 77 ||| Word Count: 36,136 ||| Review Questions: 19 ||| Final Exam Questions: 25 |
CPE Credits : | 5.0 |
IRS Credits : | 0 |
Price : | $44.95 |
Passing Score : | 70% |
Course Type: | NASBA QAS - Text - NASBA Registry |
Technical Designation: | Technical |
Primary Subject-Field Of Study: | Auditing (Governmental) - Auditing (Governmental) for Course Id 1736 |
Description : | The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity. The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits. The Yellow Book outlines all requirements for governmental audit reports, professional qualifications for auditors, and audit organization quality control. This course will identify the types of auditors and audit organizations that may employ GAGAS to conduct their work. This course will identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations. This course will identify the requirements for auditor communication. This course will identify the general planning requirements for an audit that must comply with all of the applicable requirements for a review of financial statements conducted in accordance with GAGAS. Finally, this course will describe what must be included and what must be excluded from an audit report. |
Usage Rank : | 24545 |
Release : | 2024 |
Version : | 1.0 |
Prerequisites : | Basic understanding of the auditing process. |
Experience Level : | Overview |
Additional Contents : | Complete, no additional material needed. |
Additional Links : |
Government Auditing Standards
|
Advance Preparation : | None. |
Delivery Method : | QAS Self Study |
Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
Revision Date : | 19-Jul-2024 |
NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Approved Audience : | NASBA QAS - Text - NASBA Registry - 1736 |
Keywords : | Auditing (Governmental), Government, Auditing, Standards, Performing, Audits, Yellow, Book, Series, cpe, cpa, online course |
Learning Objectives : |
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
|
Course Contents : | Chapter 1: Foundation and Principles for the Use and Application of Government Auditing Standards Objectives Introduction Types of GAGAS Users Types of GAGAS Engagements Financial Audits Attestation Engagements and Reviews of Financial Statements Performance Audits Terms Used in GAGAS The GAGAS Format Chapter Summary: Foundation and Principles for the Use and Application of Government Auditing Standards Types of GAGAS Users Types of GAGAS Engagements Terms Used in GAGAS Chapter 1 Review Questions Chapter 2: General Requirements for Complying with Government Auditing Standards Objectives Relationship between GAGAS and Other Professional Standards Stating Compliance with GAGAS in the Audit Report Chapter Summary: General Requirements for Complying with Government Auditing Standards Chapter 2 Review Questions Chapter 3: Standards for Financial Audits Objectives Additional GAGAS Requirements for Conducting Financial Audits Compliance with Standards Licensing and Certification Auditor Communication Results of Previous Engagements Investigations or Legal Proceedings Noncompliance Findings Audit Documentation Availability of Individuals and Documentation Additional GAGAS Requirements for Reporting on Financial Audits Reporting the Auditors’ Compliance with GAGAS Reporting on Internal Control; Compliance with Provisions of Laws, Regulations, Contracts, and Grant Agreements; and Instances of Fraud Presenting Findings in the Audit Report Reporting Findings Directly to Parties outside the Audited Entity Obtaining and Reporting the Views of Responsible Officials Reporting Confidential or Sensitive Information Distributing Reports Chapter Summary: Standards for Financial Audits Chapter 3 Review Questions Chapter 4: Fieldwork Standards for Performance Audits Objectives Performance Audits Planning Auditor Communication Investigations or Legal Proceedings Results of Previous Engagements Assigning Auditors Preparing a Written Audit Plan Conducting the Engagement Nature and Profile of the Program and User Needs Determining Significance and Obtaining an Understanding of Internal Control Assessing Internal Control Internal Control Deficiencies Considerations Information Systems Controls Considerations Provisions of Laws, Regulations, Contracts, and Grant Agreements Fraud Identifying Sources of Evidence and the Amount and Type of Evidence Required Using the Work of Others Supervision Evidence Overall Assessment of Evidence Findings Audit Documentation Availability of Individuals and Documentation Figure 4: Consideration of Internal Control in a Generally Accepted Government Auditing Standards Performance Audit Chapter Summary: Fieldwork Standards for Performance Audits Chapter 4 Review Questions Chapter 5: Reporting Standards for Performance Audits Objectives Performance Audits Reporting Auditors’ Compliance with GAGAS Report Format Report Content Reporting Findings, Conclusions, and Recommendations Reporting on Internal Control Reporting on Noncompliance with Provisions of Laws, Regulations, Contracts, and Grant Agreements Reporting on Instances of Fraud Reporting Findings Directly to Parties outside the Audited Entity Obtaining the Views of Responsible Officials Report Distribution Reporting Confidential or Sensitive Information Discovery of Insufficient Evidence after Report Release Chapter Summary: Reporting Standards for Performance Audits Chapter 5 Review Questions Glossary |