Nc yellow book audit training

The cpe standards affect the way credit is calculated for selfstudy courses. Government auditing standards yellow book practice aids. Governmental auditing cpe, webinars and conferences. One yellow book hour 50 minutes equivalent to a cpe hour. Internal audit basic training raleigh, nc cia, yellow book. The course materials utilize a highly illustrative and innovative format. Catch up on the latest developments in accounting and auditing for state and local governments and notforprofits in a powerpacked fourhour session. Special attention is given to common single audit deficiencies, best practices, efficient and effective methods to test internal controls and compliance requirements including sampling techniques, and development of. The course includes an overview of requirements, and how gaas and the yellow book apply to the compliance audit. Yellow book continuing professional education cpe auditors performing work under gagas need to complete 80 hours of cpe every two years with a minimum of 20 hours each year. The new yellow book is effective for audits of financial statements for periods ending on. This course covers the proposed yellow book updates and actual uniform guidance updates as it relates to governmental auditors. Does your organization know what it takes to perform a hud audit. During this course you will gain important insights into compliance pitfalls for hudassisted.

Auditors should, however, consider the independence provisions of the 2018 yellow book prior to the effective date, as auditors performing nonaudit services for a financial statement audit will need to comply with the new independence requirements at the beginning of the audit period and be independent for the entire period that the financial statements relate to when performing audits for periods before the new rules apply. The government accountability office recently released a new version of government auditing standards, also known as the yellow book. Government accounting, budget practices, and capital funding this course teaches the fundamentals of state and local government accounting, decisionmaking, budget practices, and capital plans. The 2018 yellow book s internal control requirements for performance auditors. The gaos yellow book, government auditing standards, lays down certain cpe. Government auditing standards, december 2011 revision also referred to as the yellow book the professional standards and guidance for financial audits contained in government auditing standards provide a framework for conducting high quality audits with competence, integrity, objectivity, and independence. It also covers the different types of federal awards, along with audit implications for a recipient or subrecipient. A complete guide to the new yellow book north carolina. Fundamentals for performing a single audit under the uniform guidance for federal awards. With this series, you can choose to attend the sessions that are most important to you. Yellow book continuing education requirements are governed by the u. There is no formal preapproval process for the mncpa or any other sponsor to qualify a course for yellow book credit.