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Date / Time / Location

Tuesday, October 29, 2019
8:30 AM - 4:30 PM
Registration: 8:00 AM

NJCPA Learning Center105 Eisenhower Parkway, Suite 300
Roseland, NJ 07068

CPE Credits

  • 8.00 CPE Credits in AA


  • $279.00 - Member
  • $379.00 - Non Member

AICPA members receive a discount of $30 for this event.

Course Developer

Qualifies For

  • Yellow Book
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 Government Auditing Standards, 2011 Revision and the Uniform Guidance and will assist you in avoiding common mistakes and recognizing deficiencies before it’s too late.

Designed For

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 CPE
  • The Government Accountability Office and Independence
  • Major program determination
  • Abuse
  • Fraud risk factors
  • Audit sampling
  • Documentation
  • Drafting findings
  • SEFA
  • Reporting requirements
  • Update on Government Auditing Standards, 2018 Revision

Course Level



Experience in the Yellow Book and OMB environment.

Advance Preparation


Additional Notes

  • *AICPA members deduct an additional $30 from applicable price.
  • Qualifies for Yellow Book.

Course materials are distributed electronically and we’ve passed the savings along to you - registrants save $20 on all 8-hour seminar pricing. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

Help Feed Those in Need
  • The NJCPA Emerging Leaders Council is hosting a Food Drive to benefit the Community FoodBank of New Jersey. Please bring your nonperishable items and canned goods to this event. Peanut butter and tuna fish are always needed.
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Frances McKenna

Frances E. McKenna
Marks Paneth LLP

Frances E. McKenna, MBA, EA, came to Marks Paneth after twenty six years of service in the Internal Revenue Service (IRS). At the IRS, Exempt Organizations (EO) were her main focus.

Ms. McKenna was responsible for a number of high profile national programs, including the Affordable Care Act (ACA), International/Foreign Account Tax Compliance Act (FATCA), Referral, Political Campaign Intervention (PCI), Employment Tax, National Research Programs (NRP), Fed/State, and Gaming.

As the manager of the IRS’s EO Compliance Strategy Critical Initiatives (CSCI) program group, Ms. McKenna supervised several high-profile projects, such as Medical Resident FICA, Affordable Care Act (ACA), 501(r), 45R and Post Determination Compliance Program. These included the administration of a large program segment of the Tax Exempt and Government Entities (TEGE) Division. She also served as a lead instructor for newly hired revenue agents in EO and was a certified lead instructor for their leadership management classes.

Ms. McKenna earned her BS in Accounting from St. John’s University and her MBA in Accounting from the University of Phoenix. In her spare time, she enjoys yoga, reading, and attending outdoor events, concerts, and traveling with her family. She also donates her time as the head coach of several youth organizations such as the Firthtown Falcons cheerleading and Firthtown Falcons baseball.

She is based in Marks Paneth’s New York office and resides in Stewartsville, NJ.

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Pre-Registration Closed

Online pre-registration for this event is now closed.