Be prepared for the weighty responsibilities of planning, directing, and reporting on a single audit engagement conducted under the Uniform Guidance. This course gives you insights into key issues that are not covered in other courses, with an emphasis on advanced topics that require particular attention. Case studies are provided to help put the guidance into practice.
Learning Objectives
Assess when planning a compliance audit of federal awards.
Evaluate whether the requirements related to the Schedule of Expenditures of Federal Awards (SEFA) have been met in your audit engagement.
Evaluate whether major federal programs to be audited have been appropriately identified.
Interpret the requirements for understanding internal control, assessing the level of control risk, and testing the effectiveness of internal control relative to federal awards.
Interpret and evaluate the reporting requirements of a single audit.
Interpret and evaluate guidance regarding sampling in a compliance audit.
Identify considerations related to pass-through entities.
Major Topics
Planning the compliance audit and other risk assessment considerations
Required elements of the Schedule of Expenditures of Federal Awards
Major program determination process, including the considerations of clusters, loans, and loan guarantees
Considerations when assessing and evaluating internal controls over compliance
Evaluating and reporting on applicable compliance requirements related to compliance testing
Considerations of pass-through entities and subrecipients
Audit sampling in a compliance audit
Advanced audit reporting issues
Provider
AICPA
Course Level
Advanced
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Auditing (Governmental)
8
Who Should Attend
Auditors responsible for planning, directing, and reporting on single audits.
Instructor(s)
Tony Cuozzo
Prerequisites
Intermediate competency in single audits
Location
Loyola University Maryland Graduate Center Columbia Campus
