Description

Perform a single audit competently and confidently

Understand the basic elements of a single audit and your responsibilities related to testing and reporting under the Uniform Guidance.

Learn the requirements of a single audit in this all-new webcast. Join us to understand how GAAS and the Yellow Book apply to the compliance audit. You will also gain valuable information on who must undergo this type of engagement and the different types of federal awards, along with audit implications for a recipient or subrecipient.

Target Audience

- auditors performing single audit engagements, governmental finance staff, and staff of notforprofit entities interacting with auditors

Course Objectives

- Identify what a single audit encompasses.

- Identify key auditee and auditor responsibilities in the compliance audit of federal awards.

- Identify the basic audit requirements in a Uniform Guidance compliance audit.

- Recognize key considerations related to the auditor's responsibilities regarding testing and reporting on compliance under the Uniform Guidance.

Subjects

Fundamentals of a compliance audit performed under the Uniform

guidance

guidance identifying federal awards

Passthrough entities and subrecipients

Schedule of expenditure of federal awards

Determination of Major programs

using the compliance supplement

Uniform guidance administrative requirements and cost principles

Testing internal control over compliance

Testing compliance

writing an audit finding

reporting requirements of a single audit