Applying the Uniform Guidance in Your Single Audits

Course Details

Date

Tuesday, November 21, 2023

7:00am – 3:00pm (Registration: 3:02pm)

Location

Online

Field of Study

Accounting & Audit

CPE Credit

8 hours CPE credit

Level of Knowledge

Intermediate

Vendor

AICPA

Prerequisites

Background of not-for-profit or governmental accounting and auditing

Description

Gain efficiency

Learn how to be more efficient and effective at planning and performing audits in accordance with the Uniform Guidance in this all-new webcast. Join us to better understand the responsibilities and requirements of the auditee and auditor when performing a compliance audit under the Uniform Guidance.

You will also learn how to identify federal assistance and how to determine a nonfederal entity's major programs.

Highlights

  • Introduction to single audits
  • Preparation of the schedule of expenditures of federal awards 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
  • Administrative requirements and cost principles in a single audit

    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.

    Designed For

  • Auditors performing single audit engagements
  • Internal financial staff of governments
  • Staff of not-for-profit entities interacting with auditors

    • Registration for this course has passed.

    Course Pricing

    WYOCPA Member Fee
    $332.00

    Non-Member Fee
    $403.00

    Your Price
    $403.00

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