Advanced Topics in a Single Audit

Printer Friendly
Text Size: A A A A
 
Back New Search

Overview

9.5 Credits
ONLINE

Uniform Guidance is a significant change with a big impact on the profession. But with the many benefits comes the increased risk of errors and deficiencies. This CPE course helps by providing guidance in the critical areas of a Uniform Guidance compliance audit, and laying out best practices for planning, performing and reporting on the compliance audit.

Objectives

? Identify fundamental auditee and auditor responsibilities in a compliance audit of federal awards.
? Recognize the requirements related to the Schedule of Expenditures of Federal Awards (SEFA).
? Determine major federal programs to be audited in a compliance audit.
? Recognize the requirements for understanding internal controls, assessing the level of control risk, and testing the effectiveness of internal controls relative to federal awards.
? Identify the requirements for testing compliance relative to major federal programs.
? Recognize the reporting requirements of a single audit.
? Recall guidance regarding sampling in a compliance audit.
? Identify the audit requirements for program-specific audits."

Major Topics

? Internal control over compliance
? Major program determination
? Audit sampling in the compliance audit
? Information on pass-through awards and subrecipients
? Reporting in a compliance audit, including the schedule of expenditures of federal awards and the schedule of findings and questioned costs

Designed For

Auditors responsible for planning, directing, and reporting on single audits
Add to Cart