Applying the Uniform Guidance in Your Single Audits (8 hours)

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Apr 9, 2020

Registration: 5:30 AM / Program: 6:00 AM - 2:00 PM

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

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 and the Single Audit Act. Make sure your skills are up-to-date with the latest information in this challenging audit area.

Designed For

Auditors performing single audit engagements, internal financial staff of governments and not-for-profit entities interacting with auditors.

Objectives

When you complete this course you will be able to:

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.

Major Subjects

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

Update on Government Auditing Standards, 2018 Revision

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.