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Yellow Book 101: A Practical Approach

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Before starting this self study program, please go through the instructional document.

The topic is also scheduled as live webinar on the following dates

Oct 21, 2021 | 01:30 PM EDT Register

Overview

  • What is Yellow Book?
    4 mins
  • Summary key change areas from 2011 YB
    18 mins
  • CPE And Competency
    33 mins
  • Additional Requirements for Conducting a GAGAS
    49 mins
  • Waste and Abuse
    84 mins
  • Additional Reporting
    114 mins
  • Meet the general requirements
    132 mins
  • Evaluating threats
    154 mins

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 webinar for CPAs, we will take a deep dive into what is required when an audit falls under 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

Recommended for:

This online webinar is recommended for Auditors performing Yellow Book engagements and Trustees and staff working with non-profits subject to Yellow Book audit. 

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 understand the reporting requirements of Yellow Book.

Who Should Attend?

  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Young CPA

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