This site uses cookies to store information on your computer. Some are essential to make our site work; others help us improve the user experience. By using the site, you consent to the placement of these cookies. Read our privacy policy to learn more.

Technical

Applying the Uniform Guidance in Your Single Audits Logo aicpa

  George Rippey |   $239.00 - 329.00 |   CPE: 8.0-10.5 |   AICPA |   Jul 2019 |   Auditing (Governmental) |   AICPA Store

This course is the perfect way to make sure your knowledge and skills are up-to-date in preparation for taking the Intermediate Single Audit Certificate exam, which tests your ability to plan, perform and evaluate single audits in accordance with the requirements of the Uniform Guidance. Visit the Single Audit Certificate website for more information on the certificates and learning options available.

In this course, you will learn about performing a compliance audit under the Uniform Guidance, including the responsibilities of both the auditee and auditor. The course will cover how to identify federal assistance and how to determine a nonfederal entity's major programs. Additionally, the course will cover a key part of the compliance audit: gaining an understanding of, assessing and testing internal control over compliance. Using this knowledge, you will learn what is involved in identifying and testing compliance requirements in a Uniform Guidance compliance audit and reporting on the results.

This course contains case studies to help you apply the knowledge gained through the course material.

Learning Objectives

This course will prepare you to:

  • Recognize the relationship of the Single Audit Act and the OMB Uniform Guidance
  • Identify fundamental auditee and auditor responsibilities related to a compliance audit of federal awards
  • Recognize the guidance regarding the Schedule of Expenditures of Federal Awards (SEFA)
  • Identify how major federal programs are determined
  • Recognize the requirements of a single audit as it relates to understanding internal controls, assessing the level of control risk and testing the effectiveness of internal controls relative to federal awards
  • Identify the Uniform Guidance requirements for testing compliance with federal statutes and regulations and the applicable compliance requirements relative to major federal programs
  • Identify the reporting requirements for a Uniform Guidance compliance audit
  • Recall the audit and reporting requirements of program-specific audits

Key Topics

  • Fundamentals of a single audit
  • Identifying federal assistance and determining major programs
  • Understanding, assessing and testing internal controls
  • Testing compliance with laws and regulations and applicable compliance requirements
  • Auditor's reports
  • Program-specific audits
  • Audit tools and guidance

Who Will Benefit?

  • Auditors performing single audit engagements
  • Internal financial staff of governments
  • Not-for-profit entities interacting with auditors
Topics covered:
  • Governmental auditing: Technical: Single audit: Single audit requirements, Intermediate
  • Governmental auditing: Technical: Single audit: Major program determination, Intermediate
  • Governmental auditing: Technical: Single audit: Schedule of expenditures of federal awards, Intermediate
  • Governmental auditing: Technical: Single audit: Internal control, Intermediate
  • Governmental auditing: Technical: Single audit: Compliance testing, Intermediate
  • Governmental auditing: Technical: Single audit: Sampling, Intermediate
  • Governmental auditing: Technical: Single audit: Findings, Intermediate
  • Governmental auditing: Technical: Single audit: Auditee considerations, Intermediate
  • Assurance: Technical: Audit, Intermediate
The knowledge you need.
Who Will Benefit?
  • Auditors performing single audits
Key Topics
  • Schedule of expenditures of federal awards
  • Determining major programs
  • Understanding, assessing and testing internal control over compliance
  • Testing compliance with laws and regulations and direct and material compliance Auditor's reports
  • Program-specific audits
  • Administrative requirements and cost principles
Learning Objectives
  • Recognize the relationship of the Single Audit Act and the OMB Uniform Guidance.
  • Recognize the guidance regarding the schedule of expenditures of federal awards (SEFA).
  • Identify how major federal programs are determined.
  • Recognize the requirements of the Uniform Guidance as it relates to internal control over compliance.
  • Identify the single audit requirements for testing compliance with federal statutes and regulations and the direct and material compliance requirements relative to major federal programs.
  • Identify the reporting requirements for a Uniform Guidance compliance audit.
  • Recall the audit and reporting requirements of program-specific audits.

What do you need to be more efficient and effective at planning and performing audits in accordance with the Uniform Guidance?

In this self-study CPE course, you will gain knowledge into performing a compliance audit under the Uniform Guidance, including the responsibilities of both the auditee and auditor. You will also learn to identify federal assistance and how to determine a non-federal entity's major programs.

Also covered is a key part of the compliance audit, that is, gaining an understanding of assessing, and testing internal control over compliance. Using this knowledge, you will learn what is involved in identifying and testing compliance requirements in a single audit, as well as reporting on the results. Also, this course will help you prepare for the upcoming OMB quality study!

Test your abilities.

This CPE course is the perfect way to make sure your knowledge and skills are up-to-date prior to taking the Intermediate Single Audit Certificate exam, which tests your ability to plan, perform and evaluate single audits in accordance with the requirements of the Uniform
Guidance. Visit the Single Audit Certificate website for more information on the certificates and learning options available.

Bundle and save with the Intermediate Single Audit Certificate Exam!

Take your competency to the next level by completing the exam. Bundle this online course with the Intermediate Single Audit Certificate Exam. Visit the exam page and select the Online + Exam option during checkout.

Comments/Reflections