2024 Compliance Supplement and Single Audit Update

Course Details

Date

Thursday, June 13, 2024

11:00am – 1:00pm (Registration: 10:02am)

Location

Online

Field of Study

Accounting & Audit

CPE Credit

2 hours CPE credit

Level of Knowledge

Intermediate

Vendor

AICPA

Prerequisites

Basic knowledge of single audits

Description

**U.S. Office of Management and Budget update**

Staying informed about the latest developments in the single audit realm is crucial for conducting high-quality single audits.

Every year, the U.S. Office of Management and Budget (OMB) revises the Compliance Supplement, which outlines auditors' responsibilities regarding federal program audits.

This Governmental Audit Quality Center webinar will offer insights into recent single audit updates and revisions to the Compliance Supplement.

Key discussion points include:

  • Significant modifications to the Compliance Supplement
  • Updates on federal single audit initiatives
  • Other pertinent developments
  • Insights from practitioners specializing in the field

    Highlights

  • Single audit
  • State and local government
  • School district
  • Not-for-profit
  • Yellow Book

    Objectives

    • Analyze key changes in the 2024 OMB Compliance Supplement.
    • Determine the continued impact of COVID-19 and IIJA funding on single audits.
    • Analyze other federal single audit activities and developments affecting single audits.
    • Apply best practice tips to help achieve higher single audit quality.

    Designed For

    Auditors of not-for-profits
    Auditors of state and local governments
    Auditors performing single audits

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