We’ll kick off Day 2 with a look at the new Yellow Book and changes entities will have to make in the areas of independence, quality control, and continuing education. We’ll also look at common deficiencies in Yellow Book engagements. We’ll then switch gears and discuss changes coming from the AICPA in the areas of the auditor’s report, audit evidence and other information. We’ll also look at some Professional Ethics changes and proposed changes impacting governmental entities. Single Audits come with unique areas of issues. We’ll look at common deficiencies, changes to the data collection form and compliance supplement as well as auditing procurement under the Uniform Guidance. We’ll then switch gears and address two key issues identified by the AICPA as high-risk issues in audits – risk assessments and documentation. We’ll close with a look at changes happening in audit including technology, trends in human resources and how governmental auditors can prepare for these changes.
Who Will Benefit
CPAs in public practice and government audit organizations responsible for planning, supervision and the conduct of governmental engagements and staff auditors; those employed in government and industry who are responsible for compliance with laws and regulations; and for financial managers and members in government and industry who are responsible for financial statement preparation and single audit compliance.