The Uniform Guidance
Learn how to be more efficient and effective at planning and performing audits in accordance with the Uniform Guidance.
Gain knowledge regarding performing a compliance audit under the Uniform Guidance, including the responsibilities of both the auditee and auditor.
Learn how to identify federal assistance and how to determine a nonfederal entity’s major programs.
Gain an understanding of assessing, and testing internal control over compliance, and learn what is involved in identifying and testing compliance requirements in a single audit, as well as reporting on the results.
*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.
•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
*Auditors performing single audit engagements *internal financial staff of governments *staff of not-for-profit entities interacting with auditors
Background of not-for-profit or governmental accounting and auditing
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