Event Description

This course provides you with the knowledge to be more efficient and effective atplanning and performing audits in accordance with the requirements of theUniform Guidance and the Single Audit Act. Make sure your skills are up-to-datewith the latest information in this challenging audit area.

Designed For

Auditors performing single auditengagements, internal financialstaff of governments, and staffof not-for-profit entitiesinteracting with auditors

Objectives

When you complete this course you will be able to: Analyze the relationship of the Single Audit Act and the OMB UniformGuidance. Identify the types of guidance and requirements found in the UniformGuidance. Identify fundamental auditee and auditor responsibilities related to acompliance audit of federal awards. Determine major federal programs. Determine the requirements of the single audit as it relates tounderstanding internal control, assessing the level of control risk, andtesting the effectiveness of internal control relative to federal awards. Identify the single audit requirements for testing the direct and materialcompliance requirements for major programs. Determine reporting requirements. Identify the audit and reporting requirements for program-specific audits.

Major Subjects

Introduction to single audits Preparation of the schedule of expenditures of federal awards anddetermining major programs Understanding, assessing, and testing internal control Testing compliance with federal statutes and regulations and applicablecompliance requirements Auditor reporting in a Uniform Guidance compliance audit Program-specific audits Administrative requirements and cost principles in a single audit

Prerequisites

Background of not-for-profit orgovernmental accounting andauditing