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Yellow Book 101: A Practical Approach

  • Accountant
  • CRMA
  • CFE
  • CGAP
  • CGFM
  • CPA (US)
  • IAP
  • QIAL
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

Organizations that receive a significant amount of government funding might be required to have a compliance audit performed under Generally Accepted Government Auditing Standards (GAGAS), OMB Circular A-133, or the ‘Yellow Book’. This is required when the organization expends more than $500,000 in federal awards.

With the immense amount of new government funding dispersed in 2020 and 2021, more non-profits than ever before will be subject to the reporting requirements of Yellow Book.  In this online CPE course for CPAs, we will take a deep dive into what is required when an audit falls under the yellow book and go through real-life examples of the various components of the yellow book so that you can see how the guidance translates into audit procedures, documentation, and reporting. 

Key topics covered in this Yellow Book’s online CPE webinar

  • When is Yellow Book Audit applicable to non-profits?
  • What must be done differently in the case of Yellow Book
  • Real-life examples explaining various components of Yellow Book
  • Audit procedures, documentation, and reporting requirements

Learning Objectives

  • To determine when Yellow Book is applicable and what must be done differently.
  • To develop practical internal control considerations for your clients.
  • To review the reporting requirements of Yellow Book.
  • To analyze when is Yellow Book Audit applicable to non-profits.
  • To discuss real-life examples explaining various components of the Yellow Book.
  • To inspect audit procedures, documentation, and reporting requirements.

Recommended For

  • This Yellow Book CPE course is recommended for CPAs, CGAPs, Internal as well as External Auditors, and Audit Managers desiring to learn about yellow book audits.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Auditors
  • Certified Public Accountant (CPA)
  • Chief Accounting Officer
  • Compliance Managers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Non Profit Pros
  • NonProfit CEOs
  • Nonprofit Executive Directors
  • Nonprofit Professionals
  • Risk Managers
  • Senior Accountant
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 4 CPE Credit of Accounting & Auditing (Govt.) for Qualification in Internal Audit Leadership (QIAL)
  • 4 CPE Credit of Standards, Governance, and Risk/Control Frameworks for Certified Government Auditing Professional (CGAP)
  • 4 CPE Credit of Auditing (Govt.) for Certified Fraud Examiner (CFE)
  • 4 CPE Credit of Accounting & Auditing (Govt.) for Certified Government Financial Manager (CGFM)
  • 4 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 4 CE Credit for Certified Wealth Strategist (CWS)
  • 4 General Credit of Auditing (Govt.) for Accountant/Bookkeeper/Tax Professionals
  • 4 CPE Credit of Auditing (Govt.) for Certified Public Accountants (CPA-US)
  • 4 CPE Credit of Accounting & Auditing (Govt.) for Internal Audit Practitioner (IAP)
  • 4 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)

Additional details

  • Course Level :
    Basic
  • Credits :
    4
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Megan Angle

Partner, Porte Brown

Megan Angle is a Partner with Porte Brown’s not-for-profit and audit & review services teams in the Elk Grove Village office. She has more than twelve years of experience providing tax consulting, accounting, and audit services for individuals, nonprofit organizations, and closely held businesses. She co-leads Porte Brown’s Not-for-Profit team and is also an integral leader of Porte Brown’s Audit Services team. Since the pandemic hit, Angle has been heavily involved with assisting clients with the ins and outs of the Paycheck Protection Program (PPP) and related COVID-19 business stimulus programs. Megan is the Chair of the Illinois CPA Society’s Not for Profit Committee, Board President for the Tri-Town YMCA and is a board member with her local chamber of commerce among other involvements. Prior to joining Porte Brown, Angle had 4 years of industry experience working for a Not-for-Profit organization while completing her college education. As such, she brings a unique perspective to her work.  Megan lives in the Chicagoland suburbs with her husband and two children.

About Company

Porte Brown

www.portebrown.com/

Porte Brown LLC is a full-service accounting and consulting firm headquartered in the Chicago suburb of Elk Grove Village, Illinois. For more than 75 years, Porte Brown has focused on providing the highest level of service to individuals, businesses, and organizations throughout the region. In addition to the traditional accounting services such as tax planning and preparation, audit, business valuations, and retirement plan administration. Porte Brown also provides strategic consulting and leading-edge technology implementation for clients in cloud and non-cloud environments.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.5

84 Ratings

Excellent

53

Very Good

22

Average

7

Poor

2

Terrible

0

AJ

Ahmed Jeewa, CPA (US)

Jul 11th, 2022

myCPE has provided a great way to access this information, which has proved to be extremely helpful in my understanding of key accounting concetps.

TB

Thomas Bailey, CPA (US)

Oct 22nd, 2021

My experience was great. I'm happy to say that this webinar actually focused to teaching; not trying to sell something!

KJ

Kevin Jensen, CPA (US)

Nov 20th, 2021

Megan is an excellent presenter. Sharp.

KM

Kanizur Mazumdar, Others

Oct 21st, 2021

It is very informative training.

FA

Faosat Ashamu, CA - ICAEW

Jan 24th, 2022

Very interesting and educative.

Yellow Book 101: A Practical Approach

PREMIUM

4 Credits

Subject Area

Auditing (Govt.)

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