Studies on Single Audit & Yellow Book Deficiencies

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Event Details

Friday, October 20, 2017

8:00am – 4:00pm
(Registration: 7:30am)


Homewood Suites

1023 Baxter Ln

Bozeman, MT 59715


Field of Study

Auditing - Governmental

CPE Credit

8 hours CPE credit

Course Code



Level of Knowledge





Experience in Yellow Book and OMB environment.


This course focuses on areas that may need special attention in a single audit. Increase your knowledge regarding these areas found in single audits and Yellow Book engagements using simulated case studies and practice exercises with lessons for today’s issues. These case studies and practice exercises are based on the Yellow Book and the Uniform Guidance and will assist you in avoiding common mistakes and recognizing deficiencies before it’s too late.


  • Engagement letters
  • Management representation letters
  • Yellow Book continuing professional education
  • The GAO and Independence
  • Major program determination
  • Abuse
  • Fraud risk factors
  • Audit sampling
  • Documentation
  • Drafting findings
  • Schedule of Expenditures of Federal Awards (SEFA)
  • Reporting requirements


  • Identify issues related to engagement letters.
  • Analyze the requirements of continuing professional education under the Yellow Book CPE rules.
  • Compare key points concerning the GAGAS Independence Framework to related issues.
  • considerations for major program determination.
  • Determine the process of drafting an audit finding.
  • Differentiate auditee and auditor responsibilities related to the Schedule of Expenditures of Federal Awards (SEFA) and potential problem areas in SEFA presentation.
  • Choose the reporting requirements of a single audit.

Designed For

Auditors performing single audits and internal financial staff of governmental and not-for-profit entities.

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