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CPE for Government Auditors
News & Updates

Fraudulent Disbursements – Billing Schemes and Payroll Schemes

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More in the series on getting to know the fraud tree better. To get a better sense of where we are on the fraud tree and which branch we are talking about in this newsletter, please see the entire fraud tree at http://www.acfe.com/fraud-tree.aspx. Learn to do good; seek justice, correct oppression; bring justice to the [...]

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Selected Items of Cost – Overview

Please enjoy this chapter from the self-study book, “New Uniform Guidance: Cost Principles for Non-Profits and Governments” by Sefton Boyars and Bill Allen. If you want to earn credit for reading – see this link: http://yellowbook-cpe.com/product/cost-principles   Objective: Distinguish which costs are usually allowable and which are unallowable   General Provisions for Selected Items of Cost We [...]

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Misappropriation of Cash: Larceny & Skimming

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More in the series on getting to know the fraud tree better.  To get a better sense of where we are on the fraud tree and which branch we are talking about in this newsletter,  please see the entire fraud tree at http://www.acfe.com/fraud-tree.aspx. Objectives:  Differentiate between skimming schemes Differentiate between schemes to misappropriate cash “I was [...]

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Composition of Costs

Please enjoy Chapter 3  on Composition of Costs from the self-study book entitled “New Uniform Guidance: Cost Principles for Non-Profits and Governments” by Sefton Boyars and Bill Allen available on YellowBook-CPE http://yellowbook-cpe.com/product/cost-principles Objectives: Distinguish between an indirect cost and a direct cost The total cost of federal awards consists of the allowable direct costs of the program, [...]

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Fraud Risk Factors a.k.a. the Fraud Triangle

Fraud Triangle

In our last chapter, we discussed the fraud tree – a taxonomy of fraud created by the Certified Fraud Examiners.  Now we are going to look at another model created by the Certified Fraud Examiners which is also mentioned in the GAO’s Green Book – the fraud triangle. The GAO’s Green Book calls the three [...]

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Defining Corruption per the CFE’s Fraud Tree

More in the series on getting to know the fraud tree better.  To get a better sense of where we are on the fraud tree and which branch we are talking about in this newsletter,  please see the entire fraud tree at http://www.acfe.com/fraud-tree.aspx. Objectives:  Distinguish between the four major types of corruption and their subcategories Corruption [...]

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Fraud Risk per the GAO’s Green Book

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Just because you’re unaware of the risk, doesn’t mean it isn’t there Just because you aren’t conscious of something dangerous, doesn’t mean it isn’t lurking.   One of the most important themes of the GAO’s Green Book (and the 2013 COSO model it is sourced from) is consciousness.  Instead of just playing along with the crowd [...]

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8 Principles of Waiting

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Unoccupied time feels longer than occupied time Pre-process wait feels longer than in-process waits Anxiety makes waits feel longer Uncertain waits are longer than known, finite waits Unexplained waits are longer than explained waits Unfair waits are longer than equitable waits The more valuable the services, the longer I will wait Solo waiting feels longer [...]

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Chapter 5: Ranking What You Care About: The Risk Assessment Component

Diagram

Objectives: Define risk Define magnitude of a risk Define likelihood of a risk Apply risk, magnitude, and likelihood to a scenario Document the assessment or risk, magnitude, and likelihood 10 spots left in the Essential Skills 2-Day course in July. SIGN UP NOW. In chapter 3 we talked about risk very briefly.  In this chapter [...]

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CHAPTER 2: Tests of Cost Allowability for Federal Grants

Objectives: Judge whether an item of cost is allowable per the cross-cutting principles Detect which allowability principle has been violated Are audit reports a chore for your team? It doesn’t have to be that hard! Come to Leita’s Audit Reporting Clinic in August to get some relief. Register here. The cost principles set out the [...]

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CHAPTER 1: 2 CFR 200, Subpart E – General Principles & Basic Premises

Please enjoy this excerpt from the self-study CPE course on Yellowbook-CPE entitled, “New Uniform Guidance: Cost Principles for Nonprofits and Governments” By Sefton Boyars, CPA, CGFM and William T. Allen, CPA (ret.)   Objectives: Differentiate between principles applicable to state and local governments and nonprofits Define key government regulators and their related acronyms Sequence the four layers of [...]

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Chapter 4: The remaining dimensions of the cube

Objectives: Distinguish between management objectives Choose a finite subject matter on which to apply controls Essential Skills in Austin at Maggiano’s on July 11 & 12 Register here. A little whine with that cheese? In order to make the top and the side of the cube come alive here, I am going to talk about [...]

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Chapter 3: The Face of the Cube

COSO Model

• Distinguish between components of internal control The COSO model has three main dimensions. Let’s talk in this chapter about the dimension most difficult to grasp  – the face of the cube which lists the five components of internal control.  We will discuss the side and the top in later chapters. The five components of [...]

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The Key to Good Audits

The GAO mentions audit objectives 120 times in chapter 6 of the Yellow Book for a reason! Your audit success hinges on your ability to define a finite, auditable objective. Click the video image below to view this very short video on the subject and take a look at the attached whitepaper below on audit [...]

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Vague and Mean

Have you ever said anything akin to “monitoring is lacking” in your audit report?  Need you be so mean? Write a solid finding FAST – The Art of the Finding in Austin on October 14 Register here. In most audit reports that I review, I see unnecessary cruelty.  Flat-out, unhelpful, ornery statements that are not [...]

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Chapter 2: Grounding the Green Book in Reality

Objectives:  Identify reasons why most organizations do not achieve the ideal internal control structure described in the the Green Book The Green Book describes control nirvana Art of Finding 8 hours of Yellow Book credit. Interactive and in Austin! Register here. The GAO Green Book lays out an ideal control structure – a nirvana for [...]

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[New Seminar Schedule] CPE Designed for CPAs

Plan ahead? Fall CPE seminars, webcasts & self-studies from pro CPA trainer Leita Hart-Fanta Hello, my busy friends, Quickly wanted to share the latest dates and courses designed to help you stay on top of your game and check off your 2015 Yellow Book CPE credits in the most enjoyable way possible… First, select your [...]

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[New Seminar Schedule] CPE Designed for Government Auditors

Join us! Fulfill your 2015 CPE requirements this Fall with Leita Hart-Fanta’s trademark engaging style and info-packed seminars and courses Welcome to Summertime, Friends! Doesn’t time seem to move more slowly in summer? Here in Texas Hill Country, summer means the sound of ceiling fans and cicadas, kids splashing at the pool, rope swings at [...]

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Internal controls a la GAO’s Green Book

COSO Model

Hi Lovely Readers! I am beginning a book on internal controls… more specifically the GAO’s take on internal controls… and I thought I’d share it with you chapter by chapter as I get them drafted. Chapter 1 Internal Controls à la GAO’s Green Book Objectives: Identify the purpose of the GAO’s Green Book Identify the [...]

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How much backup do we need for that statement?

Do you believe that every statement in your audit report needs to be backed up with evidence? Some auditors do and some don’t. Essential Audit Skills in Austin October 28 & 29, 2015 Register here. The word “every” is troublesome, isn’t it? Most statements need backup – but not “every” statement does. For instance, the [...]

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