Governmental

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Accounting
Accounting
Auditing
Auditing


 Title  Credit  Format  Price  View
+    Single Audit Primer 4 Online $49.99 View

 

This course will help you manage the complexity of a Single Audit and give you the tools you need to perform these audits more effectively and efficiently. Single Audits are different. The federal government demands a lot of a grantee and their auditor. In this course, we will cover the audit requirements that exceed AICPA standards in the GAO’s Yellow Book and A-133.  

 

 

Key acronyms and terminology are explained in plain English. With a distinctive blend of anecdotal humor and useful advice, this course will show you how to:

  • Identify the significant differences between a commercial financial audit and a Single Audit
  • Understand the differences between important standard setting bodies
  • Identify the three subjects of a Single Audit
  • Compare the requirements of the AICPA, the GAO, and OMB Circular A-133
  • Understand the significant requirements of the Yellow Book
  • Distinguish between fraud, abuse, and noncompliance
  • Sequence the levels of materiality on a Single Audit
+    Audit Reporting: Yellow Book Style 7 Online $69.99 View

Do you seem to get caught in an endless cycle of review and revision in your audit shop? In this course, we will diagnose and help resolve the root cause of your problems.  The Yellow Book requires the use of the elements of a finding—and if you use them correctly, the writing process is streamlined and your reports strengthened.  The author, Leita Hart-Fanta, has reviewed hundreds of findings and shares her insights on how to (and how not to!) coach the team to better writing behaviors. We cover IIA, AICPA, and Yellow Book reporting standards as well as tell you how to meet the standards.

Learning objectives:

  • Diagnose what is causing your team’s problems with business writing
  • Choose reporting expectations that are appropriate for your audit team including audience, tone, and length
  • Contrast the communication philosophies of the audit standard-setting bodies
  • Describe the minimum reporting standards per the Yellow Book for financial audits and performance audits
  • Describe the minimum reporting standards under IIA and AICPA
  • Order the steps of the writing process
  • Describe the rules that allow for fast drafts
  • Apply the levels of editing and choose attractive formats
  • Judge how to talk to staff about their writing

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Auditors and Monitors looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    Essential Skills for the Government Auditor 9 Online $119.00 View

Government audits are unusually complex. Let Leita guide you through every step of conducting an audit including assessing risk, refining the audit objective, choosing methodologies, and documenting your work. The auditors responsibilities for fraud, useful interviewing tips, and the elements of a finding are covered using case studies, frequent references to audit standards, and stories of audit failures and successes.

Objectives:

  •     Describe and arrange the steps of conducting an audit
  •     Detect common flaws in the conduct of an audit
  •     Cite common deliverables on an audit
  •     Describe the requirements for gaining an understanding of an audit subject
  •     Distinguish between the types of inherent risk
  •     Classify controls into the categories of the COSO model of controls
  •     Assess the weakness in a given criteria
  •     Define terms used in risk assessment
  •     Employ the AICPA’s risk formula
  •     Distinguish among inherent risk, control risk, and detection risk
  •     Distinguish between a control’s design and implementation
  •     Define terms used in risk assessment for a financial audit
  •     Distinguish among inherent risk, control risk, and detection risk in a performance audit
  •     Employ the two basic steps of conducting a risk assessment for a compliance audit
  •     Distinguish between a workable objective and a vague objective
  •     Detect weak and vague audit program steps
  •     Classify evidence into one of three types
  •     Discuss and order the steps of conducting an interview
  •     Distinguish among the elements of a working paper
  •     Describe the standards for working paper documentation
  •     Distinguish among the elements of a finding
  •     Evaluate whether a finding follows the simple rules of logical organization of a finding

 

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : 
Auditors of government programs looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    Interviewing Skills for Government Auditors 8 Online $89.99 View

Interviewing is one of the auditor’s most common tasks, but it is also a vital part of a successful auditor/client relationship. This course focuses on how to be a facilitator instead of an interrogator, which improves your level of communication, the ability to get information, and your relationship with your client. Topics include relationship building, verbal and nonverbal communication, planning and scheduling an interview, asking and responding to questions, steps in conducting an interview, and documenting an interview and follow-up. The AICPA’s SAS 99 and the GAO Performance Audit requirements under GAGAS for detecting fraud are also covered.

 

Objectives:

 

  •     Distinguish between an interrogation and a facilitated interview
  •     Discuss the need to have a productive, friendly relationship with the client
  •     Identify the competencies of a good interviewer
  •     Indicate behaviors that are not conducive to a positive interview
  •     Assess the error the interviewer makes to ruin safety with the client
  •     Describe concepts that can help the auditor maintain a trustful, pleasant relationship with the client
  •     Differentiate between body language cues

 

  •     Distinguish between an open-ended and close-ended question
  •     Apply guidelines regarding how to respond to an interviewee’s question
  •     Classify evidence into one of three types
  •     Repeat terminology applied to evidence in the standards
  •     Describe the requirements for uncovering fraud in the AICPA’s Statements on Auditing Standards
  •     Evaluate the risk of fraud using the elements of the fraud triangle

 

  •     Discuss the items that the interviewee should consider while planning an interview
  •     Estimate the time it will take to complete the phases of an interview
  •     Evaluate the pros and cons of various styles of conducting interviews
  •     Cite the steps of conducting an interview
  •     Identify negative listening behaviors

 

  •     Classify interview documentation into one of five working paper elements
  •     Describe ways to keep the interview on track
+    The Yellow Book Interpreted 15 Online $199.00 View

The GAO’s Government Auditing Standards contain many unique requirements that go beyond the AICPA and IIA requirements. In this text, Leita Hart-Fanta, CPA, CGFM, CGAP explains these requirements and gives examples of how they are applied in CPA firms and internal audit shops. This text covers every chapter of the Yellow Book including the general standards, financial audit standards, and performance audit standards. The latest changes regarding independence are covered in detail.

Learning objectives:

  •     Distinguish between financial audits, attestation engagements, and performance audits
  •     Discover the Yellow Book CPE requirements for governmental auditors
  •     Describe the unique independence requirements for governmental auditors
  •     Identify the requirements for financial audits and performance audit reports
  •     Assess whether quality control requirements have been met by an audit shop

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Auditors and Monitors looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    Governmental Accounting And Reporting 9 Online $59.00 View

This course on accounting for governmental entities is intended to be used by anyone who would like to gain knowledge of accounting and financial reporting currently recommended for state and local governmental units.

Click here for Course Objectives

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    Not-For-Profit Accounting: Reporting And Analysis 5 Online $34.99 View

Business organizations obtain resources by providing goods and services. Many not-for-profit organizations (NFPOs) obtain resources from contributors and are accountable to the providers of those resources or to their representatives. In general, GAAP requires not-for-profit organizations to issue a statement of financial position, a statement of activities, and a statement of cash flows. The focus is on the organization as a whole and on reporting assets, liabilities, and net assets; changes in net assets; flows of economic resources; cash flows, borrowing and repayment of borrowing, and other factors affecting liquidity; and service efforts. This course addresses the accounting and financial reporting for NFPOs (or NPOs) ---colleges and universities, healthcare providers, voluntary health and welfare organizations (VHWOs), and other not-for-profit entities such as religious, educational, social, recreational entities. Also addressed is financial analysis and ratios that can be useful to analyze financial fitness of NFPOs.

 

Click here for Course Objectives 

+    Cost Principles for State and Local Governments and Nonprofit Organizations 7 Online $59.99 View

Cost Principles for State and Local Governments and Nonprofit Organizations

Let Sefton and Bill, auditors with over 70 combined years of federal, state, and municipal audit experience, guide you through the dos and don’ts of spending federal grant dollars. Truth is stranger than fiction when it comes to the creative way that grantees use their grant resources. Auditors of federal programs use the cost principles as criteria to evaluate compliance with contract provisions. The cost principles apply to almost all federal grant programs and contain specific prohibitions against entertainment and some legal fees. The cost principles also advise grantees on how to document payroll expenditures.

After finishing the course, participants will be able to:

  • ·         Differentiate between principles applicable to state and local governments and nonprofits
  • ·         Define key government regulators and their related acronyms
  • ·         Sequence the four layers of rules governing grants
  • ·         Judge whether an item of cost is allowable per the cross-cutting principles
  • ·         Detect which allowability principle has been violated
  • ·         Distinguish between an indirect cost and a direct cost
  • ·         Judge which professional service costs are allowable under a federal award
  • ·         Distinguish between idle capacity and idle facilities and related allowable costs
  • ·         Identify under which conditions morale costs, fines and penalties, insurance, interest, and membership costs are allowable costs
  • ·         Distinguish between allowable and unallowable pre-award costs, taxes, and travel costs

 

Program Level: Basic

172 pages of text

Who Should Attend: Grantee and pass-through organizations, federal grant personnel, and auditors of federal grant programs

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : 
Auditors of government programs looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    An Auditor’s Responsibilities for Fraud in the Government Environment 12 Online $149.00 View

Your Responsibility for Fraud in the Government Environment

The Yellow Book places responsibility on you, as an auditor, to design your audit to detect fraud. But what does fraud look like? What techniques can you use to find it? And how does it rear its ugly head in the government environment?

In this course, we will discuss the taxonomy of fraud as well as how to do your best to uncover it and document your work according to auditing standards. We will also explore recommendations that you can make to your clients to help them avoid fraud in the future.

Course objectives include:

·         Differentiate between auditing for fraud in the government environment and auditing for fraud in the commercial environment

·         Define the meaning of “design audits to detect” fraud relevant to audit objectives for financial audits and performance audits

·         Describe how to ask pointed questions of management, the audit committee, the internal audit director, and front line staff to unveil fraudulent activities in the workplace under AU-C Section 240

·         Identify techniques for easing into the uncomfortable, mandatory fraud interview

·         Categorize the three main types of fraud using the fraud tree

·         Select controls in the workplace to prevent fraud

 

 

Additional Contents : Complete, no additional material needed
Advance Preparation :
None
Intended Participants : 
Auditors of government programs looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    Lean Six Sigma for Government: for Government Accountants and Auditors 8 Online $69.00 View

Lean Six Sigma for Government: An Introduction for Government Accountants and Auditors

Even for those familiar with it, Lean Six Sigma can mean different things to different people depending on the situation. Sometimes, it indicates a manufacturing technique designed to reduce waste and improve yield. Sometimes it refers to a quality department tool set. Sometimes, it seems like just part of the latest “fix-it” hype, consulting mumbo-jumbo or management flavor of the month type stuff.

Fear of the unknown and not wanting to look stupid is enough to keep most people backing away from Lean Six Sigma. However, Lean Six Sigma is a very useful body of knowledge and want to make it less daunting and intimidating for others. And Lean Six Sigma holds a wealth of techniques and approaches for squeezing the most out of any effort in the government environment.

This course is intended to provide insight, as well as a foundation for using Lean Six Sigma immediately within the accounting function of an organization–specifically, a government accounting organization. If you are a government auditor, you will find this book is full of fancy, impressive names (sometimes exotic-sounding Japanese names!) for things you already do, and you will find a few new techniques to add to your bag of tricks.

Course objectives include:

  • Define Lean/Six Sigma
  • Distinguish between philosophy, attributes, toolsets, and methodologies of Lean Six Sigma
  • Differentiate between value added and non-value added activities
  • Identify a family of performance and improvement measures for a function or organization
  • Select an appropriate Lean Six Sigma tool for a task
  • Choose appropriate tools for each phase of the DMAIC model
  • Define qualities and common goals of Kaizen events
  • Distinguish between a Lean Six Sigma project and a Lean Six Sigma program
  • Classify reasons for resistance to change

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Governmental accountants working to improve processes and service delivery. Governmental auditors interested in adding new diagnostic techniques to their audit procedures.

Course Declaration :
Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies