Single Audit Fundamentals Part 3: Compliance Requirements and Internal Control over Compliance

Description

Part 3: Compliance Requirements and Internal Control over Compliance.

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.Topics covered include: Introduction to and using the annual OMB Compliance 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 2 CFR 200 (UG or Uniform Guidance) requirements for testing internal controls; Understanding and testing the compliance requirements ; Documentation requirements.

 

This course is geared towards – Auditors of nonprofits and state and local governments subject to single audits

 

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

Topics covered include:

  • 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 2 CFR 200 (UG or Uniform Guidance) requirements for testing internal controls
  • Understanding and testing the compliance requirements
  • Documentation requirements
Provider
AICPA
Course Level
Basic
Professional Area of Focus
Accounting and Auditing
Government
CPE Field of Study
Auditing Governmental*
2
Who Should Attend
  • Auditors of nonprofits and state and local governments subject to single audits
Instructor(s)
Kimberly McCormick Amanda Ward Tom Sneeringer
Prerequisites

None

Advanced Preparation

None

Location
Online
Event Information
When
Sep 21, 2021
11:00 am - 1:00 pm EDT
Location
Online
Total CPE Credits
2
Format
Webcast Replay

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Single Audit Fundamentals Part 3: Compliance Requirements and Internal Control over Compliance


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