Description

Auditors performing single audits can learn about major program determination, pass-through entity responsibilities, SEFA requirements and other topics.

Target Audience

- Auditors performing single audit engagements

- internal Financial staff of governments

- not-for-profit entity staff who interact 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.

- Identify the responsibilities of a pass-through entity.

- Identify the auditor and auditee responsibilities related to the schedule of expenditures of federal awards (SEFA).

- Identify the auditor and auditee responsibilities related to internal control over compliance related to federal awards.

- Recognize key considerations when sampling in a Uniform Guidance compliance audit.

- Recognize the auditor’s reports required by the Uniform Guidance.

Subjects

'- Fundamentals of a compliance audit performed under the Uniform

Guidance

- Identifying federal awards and major programs

- Pass-through entities and subrecipients

- Schedule of expenditure of federal awards (SEFA)

- Using the compliance supplement

- Uniform Guidance administrative requirements and cost principles

- Testing internal control over compliance

- Writing an audit finding and reporting requirements of a single audit