Governmental Auditing Update: AICPA and Single Audit Update

3 Credits: Auditing (Governmental)


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Governmental Auditing Update: AICPA and Single Audit Update

Course Level
CPE Credits

3 Credits: Auditing (Governmental)

Course Description

There are a number of sets of auditing standards that could possibly apply to an auditor engaged in auditing state and local governments, including the audits of federal funds expended by these types of governments. Specifically, these three sets of standards are the AICPA Clarity Audit Standards, also known as Generally Accepted Auditing Standards (GAAS), Government Auditing Standards (GAS), also known as the Yellow Book, and of course, Uniform Guidance, also known as the Single Audit. This session will take a look at the most recent changes to all three sets of auditing standards and reveal any new insights as to not only what the changes are, but why the changes were contemplated.

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Learning Objectives

Upon successful completion of this course, participants will have an understanding of:

  • AICPA and Single Audit Update
  • AICPA recent activity
  • SAS 134-140
  • Auditor reporting- AU- C700 Series
  • Significant changes to the auditor’s report
  • Auditor Reporting SAS No. 134
  • Section 705- Modifications to the opinion in the independent auditor’s report, emphasis-of-matter paragraphs and other-matter paragraphs in the independent auditor’s report.
  • Various amendment- AU-C 570 & AU-C 260, and other related projects
  • Illustrative report- Independent auditors report
  • SAS 135- Omnibus statement on auditing standards- 2019, proposed amendments AU-C 260, communication to Au-C 260 TCWG, AU-C 550 related parties
  • Statement on auditing standards- SAS No. 136, SAS No. 137, SAS No. 138, SAS No. 20, SAS No. 139,
  • Amendments to AU-C Section 800, 805, and 810 changes from SAS No. 134 (SAS No. 139)
  • Amendments to AU-C Sectopm 725, 730, 930, 935, and 940 to incorporate auditor reporting changes from SAS No. 134 and 137 (SAS No. 140)
  • SAS 141
  • Audit Evidence (SAS No. 142)
  • Auditing accounting estimates and related disclosures (SAS No. 143)
  • SAS 144 & 145
  • Single Audit Update
  • Compliance supplement breaking news
  • What is COVID19 Funding
  • Matrix of compliance requirements
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Course Specifics

Course ID
Revision Date
March 14, 2022


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Chris Pembrook Headshot

Chris Pembrook, MBA, CGAP, CPA, is a manager for Crawford & Associates, P.C., Certified Public Accountants. The accounting firm is located in Oklahoma City, Oklahoma, and specializes in providing auditing, consulting, and accounting services solely to governmental entities. Before joining Crawford & Associates, P.C., Chris served as the CFO for Oklahoma Police Pension & Retirement System and as the Deputy Director for the Local Government & Special Services Division of the Oklahoma State Auditor and Inspector’s Office. Chris received his bachelor’s degree in accounting from East Central University and obtained his MBA from Oklahoma Christian University. He has been a …

Chris Pembrook, CPA,MBA,CGAP,CRFA Read More »