July 20, 2017
8:30 am - 4:30 pm
Austin Chapter Training Facility
Non Member: $345
Ms. Leita Hart-Fanta, CPA,CGFM, CGAP
MATERIALS: A link to electronic materials will be sent prior to the course.
SPEAKER: Leita Hart-Fanta, CPA, CGFM, CGAP
DESCRIPTION: Audits of governmental programs require special knowledge of federal requirements and criteria including the Uniform Guidance as well as the GAO’s Green Book and Yellow Book. In this seminar, we will cover the essentials of federal grants and focus on the intent and content of the Uniform Administrative Rules, Cost Principles, and Audit Requirements for Federal Grants and the related guidance. Key acronyms and terminology are explained in plain English.
• Identify the significant differences between a commercial financial audit and a Single Audit
• Identify the three subjects of a single audit
• Determine if a cost is allowable
• Identify Administrative Rules to back up a reportable condition
• Create a finding using the five elements of a finding
• Distinguish between fraud, abuse, waste and noncompliance
• Order the levels of materiality on a Single Audit
• Contrast significant yellow book requirements in the 2011 version of the yellow book and the 2017 exposure draft
• Apply the requirements of the GAO’s Green Book (Standards for Internal Control in the Federal Government)
COURSE DESIGNED FOR: Auditors and monitors of governmental funds and programs who need to understand how to apply the Uniform Guidance.
PROGRAM LEVEL: Intermediate
PREREQUISITES: There are no prerequisites.
ADVANCED PREPARATION: None.
DELIVERY METHOD: Group live instruction
This course qualifies for Yellow Book credit.