myCPE

Yellow Book 101: A Practical Approach 4 Credits

May 21, 2021, 10:00 AM ET

Yellow Book 101: A Practical Approach 4 Credits

  • Rating

    4.5

  • Published on

    December, 1969

  • Subject Area

    Auditing

Learning mode

Live Webinar
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
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May 21, 2021, 10:00 AM ET

Learning Objective

  • 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.

Course Overview

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. 

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Auditing for Certified Public Accountants (CPA-US) 4 CPE Approved
Accounting & Auditing for Certified Internal Auditors (CIA) 4 CPE Eligible
Internal Audit Practitioner (IAP) 4 CPE Eligible
Certified Wealth Strategist (CWS) 4 CE Eligible
Certified Fiduciary and Investment Risk Specialist (CFIRS) 4 CE Eligible
Qualification in Internal Audit Leadership (QIAL) 4 CPE Eligible
Certified Government Auditing Professional (CGAP) 4 CPE Eligible
License details Credits Status
Auditing for Certified Public Accountants (CPA-US) 4 CPE Approved
Accounting & Auditing for Certified Internal Auditors (CIA) 4 CPE Eligible
Internal Audit Practitioner (IAP) 4 CPE Eligible
Certified Wealth Strategist (CWS) 4 CE Eligible
Certified Fiduciary and Investment Risk Specialist (CFIRS) 4 CE Eligible
Qualification in Internal Audit Leadership (QIAL) 4 CPE Eligible
Certified Government Auditing Professional (CGAP) 4 CPE Eligible

Additional Information

Credits

4

Course Level

Basic

Instructional Method

QAS Self Study

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.

About Instructor

Megan Angle | CPE/CPD Courses for CFE CRTP Professionals

Megan Angle

Partner, Porte Brown

  • 4.4
  • rating
  • rating
  • rating
  • rating
  • rating
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.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

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Ahmed Jeewa, CPA (US)

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

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Thomas Bailey, CPA (US)

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

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