In Part 2 of the Single Audit Fundamentals Series, we will walk you through the major program determination process to help beginners understand this critical part of performing a single audit. Topics covered include considerations prior to major program determination, applying the risk-based approach for determining major programs under the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards at 2 CFR 200 (UG or Uniform Guidance), and communications with cognizant or oversight agency for audit.
*Determine major federal programs *Identify considerations prior to major Program determination *Identify the risk-@based approach for determining major programs under Uniform guidance
*introduction to Single audits * Identifying federal assistance and determining major programs *considerations related to implementing the Uniform guidance requirements
Auditors of nonprofits and state and local governments subject to single audits