Advanced Topics in a Single Audit

Description

Updated for OMB Uniform Guidance Be prepared for difficult single audit areas before they happen rather than reviewing them after the fact. Learn how to carry the weighty responsibilities of planning, directing, and reporting on a single audit engagement conducted under the Uniform Guidance, with an emphasis on the advanced topics that require particular attention. This course gives you insights into key issues that are not covered in other courses, and provides case studies to help put the guidance into practice.

Learning Objectives
  1. At the completion of this course, you will be able to:
  2. Assess auditor considerations when planning a compliance audit of federal awards
  3. Evaluate whether the requirements related to the Schedule of Expenditures of Federal Awards (SEFA) have been met in your audit engagement
  4. Evaluate whether major federal programs to be audited in a compliance audit were identified
  5. Interpret the requirements for understanding internal control, assessing the level of control risk, and testing the effectiveness of internal control relative to federal awards
  6. Interpret and evaluate the reporting requirements of a single audit; Interpret and evaluate guidance regarding sampling in a compliance audit
  7. Identify considerations related to pass-through entities.
Major Topics
  1. Planning the compliance audit and other risk assessment considerations; Required elements of the Schedule of Expenditures of Federal Awards
  2. Major program determination process, including clusters, loans, and loan guarantees
  3. Considerations when assessing and evaluating internal controls over compliance
  4. Evaluating and reporting on applicable compliance requirements related to compliance testing
  5. Considerations of pass-through entities and sub recipients
  6. Audit sampling in a compliance audit
  7. Advanced audit reporting issues
Provider
AICPA
Course Level
Advanced
Professional Area of Focus
Accounting & Auditing
Government
CPE Field of Study
Auditing (Governmental)
8
Who Should Attend
Auditors responsible for planning, directing, and reporting on single audits
Instructor(s)
Anthony Cuozzo
Prerequisites
Intermediate competency in single audits
Location

MACPA Columbia Center, 10280 Old Columbia Road Suite 245, Columbia, MD, United States

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When
Jul 19, 2017
8:00 am - 3:30 pm
Location
MACPA Columbia Center, 10280 Old Columbia Road Suite 245, Columbia, MD, United States
Total CPE Credits
8
Format
In-Person
Instructor
Anthony Cuozzo

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Advanced Topics in a Single Audit


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