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Applying the Uniform Guidance in Your Single Audits (2020)

Description

This course provides you with the knowledge to be more efficient and effective at planning and performing audits in accordance with the requirements of the Uniform Guidance and the Single Audit Act. Make sure your skills are up-to-date with the latest information in this challenging audit area.

Learning Objectives

• Analyze the relationship of the Single Audit Act and the OMB Uniform Guidance • Identify the types of guidance and requirements found in the Uniform Guidance • Identify fundamental auditee and auditor responsibilities related to a compliance audit of federal awards • Determine major federal programs • Determine the requirements of the single audit as it relates to understanding internal control, assessing the level of control risk, and testing the effectiveness of internal control relative to federal awards • Identify the single audit requirements for testing the direct and material compliance requirements for major programs • Determine reporting requirements • Identify the audit and reporting requirements for program-specific audits

Major Topics

• Introduction to single audits

• Preparation of the schedule of expenditures of federal awards and determining major programs

• Understanding, assessing, and testing internal control

• Testing compliance with federal statutes and regulations and applicable compliance requirements

• Auditor reporting in a Uniform Guidance compliance audit

• Program-specific audits

• Administrative requirements and cost principles in a single audit

• Update on Government Auditing Standards, 2018 Revision

Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Accounting & Auditing
Government
CPE Field of Study
Auditing (Governmental)
8
Who Should Attend

Auditors performing single audit
engagements, internal financial
staff of governments, and staff
of not-for-profit entities
interacting with auditors

Prerequisites

Background of not-for-profit or governmental accounting and auditing

Advanced Preparation

None

Location
Online
Event Information
When
Sep 22, 2020
9:00 am - 5:00 pm EDT
Location
Online
Total CPE Credits
8
Format
Webcast Replay

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$279.00

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$339.00
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Applying the Uniform Guidance in Your Single Audits (2020)


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