Surgent's Performing Single Audits Under the Uniform Guidance for Federal Awards

Applying one set of auditing standards is tough. Applying three sets of auditing standards is really tough. However, this is precisely what the aud...

10/6/2021 8am - 4pm | Online | Surgent

$259.00

CPE Categories: Auditing (8 CPE)

Description

Applying one set of auditing standards is tough. Applying three sets of auditing standards is really tough. However, this is precisely what the auditor does in applying GAAS, the Yellow Book, and the OMB requirements to a single audit. This is an essential course for auditors performing single audits as it will equip you with the hands-on skills needed to perform audits under the Uniform Guidance for Federal Awards. The course materials utilize a highly illustrative and innovative format. Over 40 focused exercises are included to provide an enhanced working knowledge of the single audit requirements.

Target Audience

Auditors performing single audits

Course Objectives

Stay current in the complex and changing single audit environment
Save time on single audit engagements via enhanced knowledge of the single audit requirements contained in the Uniform Guidance for Federal Awards
Excel in the single auditing arena by thoroughly knowing what you are and are not required to do

Subjects

Core concepts involved in the single audit
The current requirements relating to the schedule of expenditures of federal awards (i.e., the SEFA) and how the auditor provides an in relation to opinion on the SEFA
An in-depth, commonsense look at the four-step major program determination process and common problems encountered in its application
Performing the compliance audit of federal awards (i.e., the auditor’s responsibilities related to internal control and compliance for major programs and how the auditor utilizes the Compliance Supplement)
Auditee and auditor responsibilities related to the corrective action plan and the summary schedule of prior audit findings
The auditor’s reporting responsibilities in a single audit including the critical requirements related to the schedule of findings and questioned costs
Other significant issues (e.g., key sampling considerations, pass-through entities, and program-specific audits)

Prerequisites

Basic single audit knowledge