Applying the Uniform Guidance for Federal Awards in Your Single Audits (111W348A16)
Description
Does a single audit 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 the Uniform
Guidance for Federal Awards and the Single Audit Act. Make sure your
skills are up-to-date with the latest information in this challenging
audit area.
Learning Objectives
Understand the relationship of the Single Audit Act and the OMB Uniform
Guidance for Federal Awards
Identify fundamental auditee and auditor responsibilities related to a
compliance audit of federal awards
Obtain a thorough understanding of the Schedule of Expenditures of
Federal Awards (SEFA)
Gain a working knowledge of how major federal programs are determined
Be familiar with the requirements of the single audit as it relates to
understanding internal controls, assessing the level of control risk,
and testing the effectiveness of internal controls relative to federal
awards
Identify the single audit requirements for testing compliance with laws
and regulations and the applicable compliance requirements relative to
major federal programs
Be familiar with the reporting requirements
Identify the audit requirements for program-specific audits
Identify the reporting requirements for program-specific audits
Major Topics
Fundamentals of a single audit Identifying federal assistance and determining major programs Understanding, assessing and testing internal controls Testing compliance with laws and regulations and applicable > compliance requirements
Auditor's reports Program-specific audits Audit tools and guidance
Provider
AICPA
Course Level
Intermediate
CPE Field of Study
Auditing (Governmental)
8
Prerequisites
Background of not-for-profit or governmental accounting and auditing
