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Technical

Applying the Uniform Guidance in Your Single Audits Logo aicpa

  Diane Edelstein |   Free |   CPE: 8.0 |   AICPA |   18 Apr 2020 |   AICPA Store

The Association, the global voice of the American Institute of CPAs and the Chartered Institute of Management Accountants, is taking the Coronavirus (COVID-19) very seriously. We are continually monitoring the virus’ impact on our members and the profession. For the most up-to-date information on this topic, please visit the AICPA’s Coronavirus Resource Center.

Key Topics
  • Introduction to single audits
  • Identifying federal assistance and determining major programs
  • Understanding, assessing and testing internal control
  • Testing compliance with federal statutes and regulations and applicable compliance requirements
  • Auditor reporting in a Uniform Guidance compliance audit
  • Program-specific audits
  • Considerations related to implementing the Uniform Guidance requirements
Learning Objectives
  • Analyze the relationship of the Single Audit Act and the OMB Uniform Guidance.
  • Identify the types of guidance and requirements found in the Uniform Guidance.
  • Identify fundamental auditee and auditor responsibilities related to a compliance audit of federal awards.
  • Determine major federal programs.
  • Determine the requirements of the single audit as it relates to understanding internal control, assessing the level of control risk, and testing the effectiveness of internal control relative to federal awards.
  • Identify the single audit requirements for testing the direct and material compliance requirements for major programs.
  • Determine reporting requirements.
  • Identify the audit and reporting requirements for program-specific audits.

Does a single audit have you running in circles?

This webcast provides you with the knowledge to be more efficient and effective at planning and performing audits in accordance with the requirements of the Uniform Guidance and the Single Audit Act.

This webcast is the perfect way to make sure your skills are up-to-date in this challenging audit area.preparation, as well as taking the Intermediate Single Audit Certificate exam.

Visit the Single Audit Certificate website for more information on the certificates and learning options available.

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

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