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Applying OMB Circular A-133 to Not-for-Profit and Governmental Organizations (101518-14)

Description

Does OMB Circular A-133 have you running in circles? This course
provides you with the knowledge to be more efficient and effective at
planning and performing audits in accordance with the requirements of
OMB Circular A-133 and the Single Audit Act Amendments. Make sure your
skills are up-to-date with the latest information and find out what
changes are planned for this challenging audit area. Topics Discussed:
Fundamentals of a single audit Identifying federal assistance and
determining major programs Understanding, assessing and testing
internal controls Testing compliance with laws and regulations Audit
reports Program-specific audits Audit tools and guidance Latest
developments

Learning Objectives
  1. Understand the relationship of the Single Audit Act Amendments and OMB Circular A-133
  2. Identify fundamental auditee and auditor responsibilities related to OMB Circular A-133 audits
  3. Obtain a thorough understanding of the Schedule of Expenditures of Federal Awards (SEFA)
  4. Gain a working knowledge of how major federal programs are determined
  5. Be familiar with the requirements of the single audit for understanding internal controls, assessing the levels of control risk, and testing the effectiveness of the internal controls relative to federal awards
  6. Identify the single audit requirements for testing compliance with laws and regulations relative to major federal programs
  7. Identify the audit requirements for program-specific audits
  8. Identify the reporting requirements for program-specific audits
Course Level
Intermediate
CPE Field of Study
Auditing (Governmental)
8
Prerequisites
Background of not-for-profit or governmental accounting and auditing
Location
Online
Event Information
When
Dec 12, 2014
8:30 am - 4:30 pm EST
Location
Online
Total CPE Credits
8
Format
Webcast Replay

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Applying OMB Circular A-133 to Not-for-Profit and Governmental Organizations (101518-14)


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