2026/27 Governmental Auditing Update: Yellow Book & Uniform Guidance

Overview

This comprehensive course provides a focused update on key auditing developments affecting governmental and Single Audit engagements. The course integrates recent changes to the Yellow Book issued by the U.S. Government Accountability Office with major updates to Uniform Guidance and related Single Audit requirements.

Participants will begin with an overview of significant revisions to the 2024 Yellow Book, including changes related to quality management, key audit roles, and effective dates. The course also addresses the GAO's implementation delay and its implications for audit planning, along with recent updates to the Green Book that may affect internal control considerations for governmental entities and Single Audits.

The course then shifts to recent developments affecting Single Audits, including the 2024 Uniform Guidance overhaul, updates to Appendix B of the AICPA GAS/Single Audit Guide, and guidance issued through the Office of Management and Budget (OMB). Reporting-related changes, including the transition to SAM.gov-based reporting, are also discussed.

Designed for auditors working with governmental entities and federal awards, this course helps participants understand how recent auditing and compliance changes intersect-and what to monitor as expectations continue to evolve.

Highlights

• 2024 Yellow Book revisions and implementation updates
• Quality management and key audit role changes
• GAO implementation delay and audit planning implications
• Green Book updates and internal control considerations
• 2024 Uniform Guidance overhaul
• Single Audit requirement updates
• AICPA GAS/Single Audit Guide (Appendix B) changes
   

Prerequisites

Prior experience with GAGAS and Uniform Guidance

Designed For

All accounting/auditing professionals

Objectives

• Recall quality management requirements under the 2024 Yellow Book
• Identify changes to the effective date of the 2024 Yellow Book
• Recognize recent updates to the Green Book affecting internal control considerations
• Recognize the impact of the 2024 Uniform Guidance changes on Single AuditsIdentify changes in Appendix B of the AICPA GAS/Single Audit Guide affecting Single Audit engagements
• Recall key changes introduced through recent OMB memoranda relevant to Single Audits

Preparation

 None