Applying the Uniform Guidance in Your Single Audits

Description

This course provides you with the knowledge to be more efficient and effective at planning and performing audits in accordance with the requirements of the Uniform Guidance and the Single Audit Act. Make sure your skills are up-to-date with the latest information in this challenging audit area.

Date/Time

Tuesday, September 22, 2020
Registration Time: 8:00am
8:00am – 4:00pm

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Course Type

On-line Live Vendors

CPE Credit

8.00 hours CPE credit

Field of Study

Auditing

Level of Knowledge

Intermediate

Designed For

Auditors performing single audit
engagements, internal financial
staff of governments, and staff
of not-for-profit entities
interacting with auditors

Vendor

AICPA

Prerequisites

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

Advanced Preparation

None

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

 Update on Government Auditing Standards, 2018 Revision

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

Location

N/A (This is a webcast)
Member Fee $279.00
Non-Member Fee $339.00
Your Price $339.00

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