Single Audit Fundamentals Part 3: Compliance Requirements and Internal Control over Compliance
Description
In Part 3 of the Single Audit Fundamentals Series, we will focus on the execution portion of a single audit including a discussion of the types of compliance requirements and internal control over compliance.
Learning Objectives
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
Major Topics
Introduction to and using the annual OMB Compliance Supplement (Supplement)
Identifying compliance requirements subject to audit using the Supplement
Determining direct and material compliance requirements
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards at CFR 200 (UG or Uniform Guidance) requirements for testing internal controls
Understanding and testing
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 audits
