A single audit is comprised of an audit of financial statements performed under the Yellow Book and a compliance audit performed under OMB Circular A-133 (or the Uniform Guidance upon its effective date).
In this CPE course, learn how to avoid common audit deficiencies in your single audits using simulated case studies and practice exercises. Areas such as major program determination, drafting audit findings, and reporting on the compliance audit are examined through real life scenarios so that you can learn from common mistakes and spot deficiencies before it’s too late.
When you complete this course, you will be able to:
Auditors performing OMB Circular A-133 compliance audits and internal financial staff of government and not-for-profit entities
Common audit deficiencies can be avoided by understanding the requirements of a single audit and then properly applying the guidance.
In this self-study course, areas such as auditor independence, preparing a SEFA, determining major programs, drafting audit findings, and reporting on federal awards in the Uniform Guidance compliance audit are examined via real-life situations.
Once completed, you will be able to apply the knowledge gained in order to perform highquality audits. This CPE course can also help you prepare for the coming OMB quality study.
Enhanced On-Demand Format
This Enhanced On-Demand Format features audio and voice narration to keep you actively engaged with the course content. Additionally, updated course navigation allows you to easily move throughout the material. For your convenience, a PDF version of the text manual is included for download to use as a reference guide.