Yellow Book and Single Audit engagements are considered must-select engagements for Peer Review. This course will cover the Yellow Book independence requirements which are required any time an auditor is performing a Yellow Book or Single Audit, even when the engagement is for a for-profit entity. We will also take a look at the major changes in the 2024 Compliance Supplement as well as the changes to the Uniform Guidance. Finally, we close with major deficiencies identified by the federal agencies and peer reviewers. 

Agenda:

• 2024 Yellow Book (pg 5)
• Independence (pg 77)
• Yellow Book Common Deficiencies (pg 108)
• Uniform Guidance Update (pg 136)
• 2024 Compliance Supplement (pg 154)
• Uniform Guidance Common Deficiencies (pg 171)