Single Audit Primer and Update (Yellow Book)

Description

*Qualifies for Yellow Book CPE credit*

Single audits are different. The federal government demands a lot of a grantee and their auditor. In this course, you will learn many aspects of Single Audits and more. Key acronyms and terminology are explained in plain English.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

In this course, we will cover the essential differences between OMB Circular A-133 and the new Uniform Grant Guidance as well as the differences between a financial audit and a Single Audit.

Objectives

Course objectives include:

• Identify the significant differences between a commercial financial audit and a Single Audit
  
• Identify the three subjects of a Single Audit
  
• Compare the requirements of the AICPA, the GAO, and the Uniform Grant Guidance
  
• Identify major changes between OMB Circular A-133 and the audit requirements from the Uniform Grant Guidance
  
• Distinguish between fraud, abuse, and noncompliance
  
• Order the levels of materiality on a Single Audit

Designed For

Auditors conducting audits of federal grants and programs.