Common Audit Deficiencies in Governmental Audits
Overview
Explore key focus areas in the peer review process for single audits and Yellow Book engagements. Learn the latest on major program determination, compliance testing, testing internal controls over compliance, sampling methodologies and reporting requirements for single audits. The course will also address Yellow Book CPE and independence requirements.
In addition to reviewing common deficiencies and key trends identified by the AICPA, the course will highlight best practices to help firms properly perform procedures in these areas and strengthen audit quality.
Highlights
- Sampling for single audit
- Internal controls over compliance
- Compliance testing
- Major program determination
- Single audit reporting
- Yellow Book independence and reporting
Designed For
CPAs performing audits of government entities.
Objectives
To provide participants with an understanding of key peer review focus areas for single audits and Yellow Book engagements, while addressing Yellow Book CPE and independence standards and highlighting best practices to improve audit quality.
Notice
- Login information and eMaterials will be distributed to attendees via email 3-5 days prior to the seminar and posted in the My Upcoming CPE section of the ISCPA website.
Leader(s):
Leader Bios
Melisa Galasso, Galasso Learning Solutions LLC
Melisa F. Galasso is the Founder and CEO of Galasso Learning Solutions LLC. A CPA with over 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI.
Melisa is a Certified Speaking Professional (CSP), a Certified Professional in Talent Development (CPTD), and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers.
Melisa serves as the Co-Chair of the NCACPA's A&A committee and as a Subject Matter Expert for the AICPA's Center for Plain English Accounting (CPEA). She has also served on the FASB's Not-for-Profit Advisory Committee (NAC), AICPA Council, and the AICPA's Women's Initiative Executive Committee (WIEC). She also previously served on the AICPA's Technical Issues Committee (TIC) and the VSCPA's Board of Directors. In addition, Melisa is the author of Money Matters for Nonprofits: How Board Members Can Harness the Power of Financial Statements by Understanding Basic Accounting which is available on Amazon or anywhere you purchase books online.
Melisa received a Top 50 Women in Accounting Award in 2021 by Ignition, was a 2020 Enterprising Women of the Year Award recipient and was honored as a "40 under 40" by CPA Practice Advisor in 2017, 2018, and 2019. She was named the 2019 Rising Star by her regional NAWBO chapter, received the Don Farmer award for achievement in technical content instruction, and has earned several other awards for public speaking and technical training.
Prior to establishing Galasso Learning Solutions, Melisa worked in public accounting, industry, internal audit, and academia.
She received a Bachelor of Science in Business Administration with a concentration in Accounting and International Business from Georgetown University.
Melisa actively supports several causes that empower women. She is the Chair of the Advisory Board for Girls on the Run Greater Charlotte. In 2023, she was one of 31 women selected as part of Dress for Success Charlotte's Power Hour. She also serves as the Education Chair for the Board of Directors for NAWBO Charlotte.
Non-Member Price $325.00
Member Price $265.00