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

Fundamentals for Performing a Single Audit Under the Uniform Guidance Logo aicpa

  Laura Lindal, CPA |   $155.00 - 195.00 |   CPE: 8.0 |   AICPA |   May 2018 |   Auditing (Governmental) |   AICPA Store
Who Will Benefit?
  • Auditors seeking knowledge about the basics of a Uniform Guidance compliance audit
Key Topics
  • Fundamentals of a compliance audit performed under the Uniform Guidance
  • Identifying federal awards
  • Pass-through entities and subrecipients
  • Schedule of expenditure of federal awards
  • Determination of major programs
  • Using the Compliance Supplement
  • Uniform Guidance administrative requirements and cost principles
  • Testing internal control over compliance
  • Testing compliance
  • Writing an audit finding
  • Reporting requirements of a single audit
Learning Objectives
  • Identify what a single audit encompasses
  • Identify key auditee and auditor responsibilities in the compliance audit of federal awards
  • Identify the basic audit requirements in a Uniform Guidance compliance audit
  • Recognize key considerations related to the auditor's responsibilities regarding testing and reporting on compliance under the Uniform Guidance

This CPE course explains the basic elements of a Uniform Guidance compliance audit, including who must undergo this type of engagement. The course includes an overview of requirements, and how GAAS and the Yellow Book apply to the compliance audit. It also covers the different types of federal awards, along with audit implications for a recipient or subrecipient. The schedule of expenditures of federal awards is introduced, along with a description of major program determination, and the auditor's responsibilities related to testing and reporting.

Topics covered:
  • Governmental auditing: Technical: Single audit: Single audit requirements, Foundational
  • Governmental auditing: Technical: Single audit: Major program determination, Foundational
  • Governmental auditing: Technical: Single audit: Schedule of expenditures of federal awards, Foundational
  • Governmental auditing: Technical: Single audit: Internal control, Foundational
  • Governmental auditing: Technical: Single audit: Compliance testing, Foundational
  • Assurance: Technical: Audit, Foundational

Comments/Reflections