Grants and Assistance

Enhance Your Ability to Audit in a Grants Environment While Earning Required CPEs

What are the New Yellow Book CPE Requirements and How Do They Affect Me?

In April 2005, the Comptroller General issued updated Guidance on GAGAS Requirements for Continuing Professional Education. All auditors conducting A-133 audits (which are subject to Yellow Book CPE requirements) must earn at least 24 hours of CPE every two years. This training must pertain to government auditing, the government environment, or the specific or unique environment in which the audited entity operates, i.e., for an A-133 auditor, the grants environment. Auditors who go beyond field work to perform planning, directing, and reporting duties must earn a total of 80 hours of CPE credit that directly enhance their professional proficiency to perform audits or attestation agreements.

How Can Management Concept's Courses Help Me Become a Better A-133 Auditor?

Management Concepts teaches governmentwide grants requirements and best practices to personnel from federal agencies, pass-through entities, and recipient organizations. Because these courses focus on the applicability of statutory and regulatory requirements to the grants environment, many of these courses also benefit auditors who conduct A-133 audits of federal grant recipients and subrecipients.

All of our Grants and Assistance training courses qualify for continuing professional education credits (CPEs). The chart below provides a snapshot of the Grants training courses most likely to help A-133 auditors meet their Yellow Book CPE requirements and hone their ability to audit in the grants environment.

 Field of Study: Accounting and Auditing    
 Course Title  CPEs  Level
  Audit of Federal Grants and Cooperative Agreements  16  Intermediate
 Field of Study:Specialized Knowledge and Applications    
  Uniform Administrative Requirements: OMB Circular A-102 and 2 CFR Part 215  16  Intermediate
  Cost Principles: OMB Circulars A-21, A-122, and A-87, and FAR 31.2  16  Intermediate
  Advanced Cost Principles  16  Intermediate
  Developing Indirect Cost Rate Proposals and Cost Allocation Plans for State, Local, and Tribal Governments under OMB Circular A-87  16  Intermediate
  Developing University Facilities and Administrative Cost Rate Proposals under OMB Circular A-21  16  Intermediate
  Developing Nonprofit Indirect Cost Rate Proposals under OMB Circular A-122  16  Intermediate
 Field of Study: Management    
 Course Title  CPEs  Level
  Managing Federal Grants and Cooperative Agreements for Recipients  24  Intermediate
  Subawarding for Pass-Through Entities  16  Intermediate
 Field of Study: Split, see below    
 Course Title  CPEs  Level
  Business Management Systems for Recipients (7 hours Specialized Knowledge and Applications, 9 hours Management)  16  Intermediate

For auditors ready to schedule their Yellow Book CPE hours, a visit to our Training Page can save you time by allowing you to search courses and cities.

Our courses meet the professional certification and continuing education requirements for students seeking Continuing Professional Education Credits.

Management Concepts is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. www.nasba.org