This course focuses on areas that may need special attention in a single audit. Increase your knowledge regarding these areas found in single audits and Yellow Book engagements using simulated case studies and practice exercises with lessons for today’s issues. These case studies and practice exercises are based on the Yellow Book and the Uniform Guidance and will assist you in avoiding common mistakes and recognizing deficiencies before it’s too late.
Auditors performing single audits and internal financial staff of governmental and not-for-profit entities.
- Identify issues related to engagement letters
- Analyze the requirements of continuing professional education under the Yellow Book CPE rule
- Compare key points concerning the GAGAS Independence Framework to related issues
- Identify considerations for major program determination
- Determine the process of drafting an audit finding
- Differentiate auditee and auditor responsibilities related to the Schedule of Expenditures of Federal Awards (SEFA) and potential problem areas in SEFA presentation
- Choose the reporting requirements of a single audit
- Engagement letters
- Management representation letters
- Yellow Book continuing professional education
- The GAO and Independence
- Major program determination
- Fraud risk factors
- Audit sampling
- Drafting findings
- Schedule of Expenditures of Federal Awards (SEFA)
- Reporting requirements
Experience in the Yellow Book and OMB environment.
- *AICPA members deduct an additional $30 from applicable price.
- Qualifies for Yellow Book.
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John D'Amico, CPA
Surgent Professional Education
John D’Amico, CPA
TCBA Watson Rice LLP / Rutherford, New Jersey
John D'Amico, a Principal with TCBA Watson Rice LLP, has over 15 years of experienced in providing audit, accounting, tax and consulting services to not-for-profit organizations and governmental agencies. Prior to joining TCBA Watson Rice LLP John worked at a Big 4 firm and other regional accounting firms. His areas of expertise include OMB A-133 audits, government auditing standards, cost allocations, and internal controls.
John has audited a significant number of not-for-profit clients including higher education, social service agencies, religious organizations, professional organizations, and foundations. The majority of these organizations were government-funded agencies.
Some of his clients that he as serviced are Fordham University, Wagner College, NYU Medical School, Wildlife Conservation Society (The Bronx Zoo), Heartshare Human Services, American Arbitration Association, and American Civil Liberties Union (ACLU). Also the City of New York and the New York City Board of Education. John has authored articles and conducted workshops and numerous seminars on not-for-profit topics including OMB A-133 requirements.
John received a Bachelor of Business Administration degree and a Master of Science degree in Accounting from Pace University. He is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants. He is licensed to practice in the state of New York.
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