Audits Under Uniform Guidance-Single Audit & NPOs 2024

Objectives:

• Learn the latest updates in Single Audit engagements • Identify auditor and auditee responsibilities in the compliance audit of federal awards • Review the concepts of major program determination

Major Topics:

• Concepts of the Single Audit under the Uniform Guidance • Performing the compliance audit of federal awards, including testing auditee compliance and internal control over compliance • Auditor reporting responsibilities including the compliance audit reports, the report on the schedule of expenditures of federal awards, and schedule of findings and questioned costs • Requirements for the schedule of expenditures of federal awards, known as the SEFA • Update on the OMB Compliance Supplement

Major Topics:

• Concepts of the Single Audit under the Uniform Guidance • Performing the compliance audit of federal awards, including testing auditee compliance and internal control over compliance • Auditor reporting responsibilities including the compliance audit reports, the report on the schedule of expenditures of federal awards, and schedule of findings and questioned costs • Requirements for the schedule of expenditures of federal awards, known as the SEFA • Update on the OMB Compliance Supplement

Designed For:

Auditors performing audits under the Uniform Guidance

Prerequisites:

A basic knowledge of the Single Audit.