Applying the Uniform Guidance in Your Single Audits

Date: September 27, 2017 Time: 8:00 am - 3:30 pm EST Location: Timonium, MD CPE: 8 Format: In-Person
EVENT DESCRIPTION

Does a single audit have you running in circles? 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 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 compliance with federal statutes and regulations and the applicable compliance requirements relative to major federal programs
Select reporting requirements
Identify the audit and reporting requirements for program-specific audits
Apply the types of guidance and requirements found in the Uniform Guidance, including cost principles for federal awards.
MAJOR TOPICS
Introduction to single audits
Identifying federal assistance 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
Considerations related to implementing the Uniform Guidance requirements
EVENT DETAILS
PROFESSIONAL AREAS OF FOCUS
Accounting & Auditing
ADVANCED PREPARATION
None
CPE FIELD OF STUDY
Auditing Governmental (8 Credits)
WHO SHOULD ATTEND
Auditors performing single audit engagements, internal financial staff of governments, and not-for-profit entities interacting with auditors
INSTRUCTOR(S)
Anthony Cuozzo
PREREQUISITES
Background of not-for-profit or governmental accounting and auditing
COURSE LEVEL
Intermediate
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