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.
Topics included in part 1 are background and overview of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards at 2 CFR 200 (UG or Uniform Guidance). Also included is scope of the single audit, auditee and auditor responsibilities, federal agency responsibilities, and single audit overview. Other areas are description and characteristics of federal awards, pass-through awards and subrecipients, overview and use of the AICPA GAS-SA Guide.
*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
*introduction to Single audits *Identifying federal Financial assistance *understanding the Single audit Act and the relationship with the OMB Uniform guidance
auditors of nonprofits and state and local governments subject to single audit