Single Audit Primer (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 about the compliance and internal controls portion of the Single Audit. 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

The major topics that will be covered in this course include:

• Essential differences between a financial audit and a Single Audit
  
• Significant terms and content relevant to the Single Audit
  

Objectives

After attending this presentation you will be able to...

• 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, the Compliance Supplement, and the Uniform Grant Guidance
  
• Distinguish between fraud, abuse, and noncompliance
  
• Connect compliance requirements from the compliance supplement to the administrative rules and cost principles
  
• Order the levels of materiality on a Single Audit

Designed For

Auditors conducting audits of federal grants and programs