Single Audit Fundamentals Part 1: What is a Single Audit?
Description
In this webcast we will provide background and context of a single audit engagement and help participants differentiate these engagements from traditional financial statement audit engagements.
Learning Objectives
Identify the scope of the Single audit and the OMB Uniform guidance *Identify fundamental auditee and auditor responsibilities found in the Uniform guidance
Identify the characteristics of federal awards
Major Topics
Background and overview of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards at 2 CFR 200 (UG or Uniform Guidance)
Scope of the single audit
Auditee and auditor responsibilities *Federal agency responsibilities
Single audit overview *Description and characteristics of federal awards
Pass-through awards and subrecipients
Overview and use of the AICPA GAS-SA Guide
Provider
AICPA
Course Level
Basic
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Auditing (Governmental)
2
Who Should Attend
Auditors of nonprofits and state and local governments subject to single audit
