WHY ATTEND THIS COURSE?
Compliance auditing is a significant risk area for firms. What you don’t know about it can hurt you. In recent reviews by the AICPA task force and agency and passthrough entity reviewers, approximately 50% of audits are nonconforming. The AICPA is requiring more of peer reviewers including additional training. In addition, the GAO issued an exposure draft of its 2017 Yellow Book. Once effective, Government Auditing Standards will require a four-hour training on the subject. Now is the time to ensure you are current on all the new developments and are performing all the steps necessary to comply with professional standards.
This course is taught in the popular Question & Answer format discussing real questions and issues that Loscalzo instructors receive from practitioners in the field and encounter in practice. This course will:
Participants will be able to:
Using the very popular “Loscalzo FAQ Format,” the major subjects covered will include: changes in the cost, administrative and audit requirements, frequently identified issues in compliance audits related to documentation, multipurpose testing, design of compliance and internal control tests, sampling applications, reporting findings, schedule of federal awards, and identifying major programs.
COURSE ACRONYM: CAQ
PRESENTATION METHOD: Group-live
LEVEL OF KNOWLEDGE: Intermediate
ADVANCE PREPARATION: None
FIELD OF STUDY: Auditing (Governmental)
RECOMMENDED CPE CREDIT: 8 hours
It is recommended that this course not be scheduled in conjunction with Compliance Auditing from Start to Finish (CAS).
Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.
SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are 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 through its website: www.nasbaregistry.org.