Compliance Auditing Questions from the Field Webcast [CAQ]

Aug 13, 2020
Time: 8:30am - 4:00pm


Accounting & Auditing

Credit Hours:



Member: $295.00
Non-member: $445.00

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Discussion Leader:

James Hodge    more info

James Hodge is currently the Director of Financial Statement Audits at the Department of Treasury's Office of Inspector General where he oversees financial statement audits, performance audits, evaluations, and attestation engagements. Prior to joining the federal government, he worked for PricewaterhouseCoopers in their Washington Federal Practice (now Guidehouse), advising federal entities on how to solve complex organizational issues, manage risk, and add value in financial and program management, operations improvement, and security and data management.

James is also an adjunct business professor at Howard University, Montgomery College, and University of Maryland Global Campus where he teaches upper-level undergraduate and graduate accounting courses. Additionally, James serves as an instructor for Becker Professional Education and Kaplan Professional. He is a Certified Public Accountant, Certified Fraud Examiner, and Certified Government Financial Manager. He received both his undergraduate and graduate business degrees from the University of Dayton.

As an active member of the accounting and auditing community, James has served in numerous leadership roles with the National Association of Black Accountants, the American Institute of Certified Public Accountants’ Government Accounting and Auditing Update Committee, and the Office of Management and Budget’s Executive Steering Committee on Fraud.

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Website registration for this course closes on August 12, 2020. To register after this date please contact the society at or 907-562-4334.

Full Description

Compliance Auditing Questions from the Field Webcast (CAQ)

August 13th, 2020

For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course and $12.50 for each 2 hour course.

Compliance auditing is a significant risk area for firms. We are now in the year where engagements will be selected for testing in the OMB mandated quality study. Additionally, the GAO issued its update of Government Auditing Standards in the summer of 2018. This course will discuss those changes as well as new questions and answers that have been recently been included in the Uniform Guidance FAQ document, changes that will be made to the data collection form for 20192021, and changes that the OMB made to its method for updating the compliance supplement. This course is taught in the popular
question and answer format, discussing real questions and issues that our instructors receive from practitioners in the field and encounter in practice. This course will:
- Provide an update on the changes to the Uniform Guidance
- Help participants avoid recurring common failures in audits under Government Auditing Standards and the Uniform Guidance
- Provide the latest changes in professional literature impacting compliance auditing
- Help participants understand the latest changes in Government Auditing Standards

Major Topics Covered:
Using the very popular FAQ format, the major subjects covered will include: changes in the cost, administrative and audit requirements, frequently identified issues in compliance audits related to documentation, multipurpose testing, design of compliance and internal control tests, sampling applications, reporting findings, schedule of federal awards, and identifying major programs. Questions have been included to help the practitioner understand the changes in the Yellow Book which was issued in 2018.

Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditors Yellow Book clients. Note that the determination of course qualification is a matter of an auditors professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

Learning Objectives:
Participants will be able to:
- Identify areas for improvements in their Government Auditing Standards (GAS) and single audits
- Implement changes to audits as a result of changes to professional standards, including the OMBs Uniform Guidance

Designed For:
- Audit practitioners working on nonprofit and/or public sector clients who need audits performed in accordance with the Yellow Book and the Uniform Guidance
- Accountants in nonprofit or government organizations that need a single audit

CPE Credits: 8, Accounting & Auditing / Governmental / Yellow Book

Level of Knowledge: Intermediate

Prerequisite: Basic knowledge of compliance auditing, accounting and reporting, Yellow Book and OMBs Uniform Guidance

Acronym: CAQ

Discussion Leader: James Hodge