Applying the Uniform Guidance in Your Single Audits

Overview

Gain knowledge in understanding, assessing, and testing internal control over compliance as you apply the Uniform Guidance in your single audits.

Highlights

Introduction to single audits

Preparation of the schedule of expenditures of federal awards and determining major programs

Understanding, assessing, and testing internal control

Testing compliance with federal statutes and regulations and applicable compliance requirements

Auditor reporting in a Uniform Guidance compliance audit

Program-specific audits

Administrative requirements and cost principles in a single audit

Prerequisites

Background of not-for-profit or governmental accounting and auditing

Designed For

Auditors performing single audit engagements

Internal financial staff of governments

Staff of not-for-profit entities interacting with auditors.

Objectives

Analyze the relationship of the Single Audit Act and the OMB Uniform Guidance.
Identify the types of guidance and requirements found in the Uniform Guidance.
Identify fundamental auditee and auditor responsibilities related to a compliance audit of federal awards.
Determine major federal programs.
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.
Determine reporting requirements.
Identify the audit and reporting requirements for program-specific audits.

Notice

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