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CPE for Government Auditors

New Uniform Guidance: Cost Principles for Nonprofits and Governments





$90 includes self-study manual and online quiz for 7 hours of CPE credit.


“The real world examples put the information into perspective.”
-CPA, Jan 2016

“Many ‘gray’ areas were answered by your text.”
-CPA, June 2015

“As an auditor of non-profit and governmental entities, I felt this course gave me more insight on what questions to ask and at what point I should dig deeper.”
– 12/28/12

“The examples were great and the way the materials were written were very well organized and very understandable.”
– 7/3/12

Focused on the Cost Principles contained in the Uniform Guidance

If you are a CPA – click here for important information!

Truth is stranger than fiction when it comes to the creative way that grantees use their grant resources. Let Sefton and Bill, auditors with over 70 combined years of federal, state, and municipal audit experience guide you through the dos and don’ts of spending federal grant dollars.

Auditors of federal programs use the cost principles as criteria to evaluate compliance with contract provisions. The cost principles apply to almost all federal grant programs and contain specific prohibitions against entertainment and some legal fees. The cost principles also advise grantees on how to document payroll expenditures.

Course objectives include:

  • Differentiate between principles applicable to state and local governments and nonprofits
  • Define key government regulators and their related acronyms
  • Sequence the four layers of rules governing grants
  • Judge whether an item of cost is allowable per the cross-cutting principles
  • Detect which allowability principle has been violated
  • Distinguish between an indirect cost and a direct cost
  • Judge which professional service costs are allowable under a federal award
  • Distinguish between idle capacity and idle facilities and related allowable costs
  • Identify under which conditions morale costs, fines and penalties, insurance, interest, and membership costs are allowable costs
  • Distinguish between allowable and unallowable pre-award costs, taxes, and travel costs

Program Level: Basic

Instructional Method: Self-study text with online quiz

Field of Study: Auditing – Governmental  Some state boards may count credits under different categories – check with your state board for more information.

Who Should Attend: Grantee and pass-through organizations, federal grant personnel and auditors of federal grant programs

Recommended CPE Credits: 7 hours

This course qualifies for Yellow Book CPE credit.


If you are a CPA – click here for important information!

NEW! Now you can buy for multiple students!

Whether you’re buying a course for yourself, or buying for other(s), we’ve got you covered – simply enter the product quantity of the number of *students* that will be studying and taking the exams while you’re checking out.  Our system will send each student entered in the checkout process their own unique login credentials directly and individually.  Each student will be able to log into our Student Center, download their courses to study and take their exams when they’re ready.



This distinguishes between purchasers and students. Are you both the student and the purchaser?

If you’re simply buying for yourself, then you are both the purchaser and the student, and you will just supply your own first name, last name and email in the “student information” blanks in checkout.  The system will ask for your billing information after that.

Are you purchasing a course for someone else?

If, on the other hand, you’re buying for someone else or for a group of people, then make sure you put in the number of students that will be taking the test in the quantity, and then enter the first name, last name and email of each student in the sets of blanks that will appear before you proceed to check out.  You will enter your contact and  billing information on the next screen.


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