Applying the Uniform Guidance in your Single Audits - Webcast
Overview
Designed to provide participants with the knowledge to be more efficient and effective at planning and performing audits, this course will help ensure skills are up to date with the latest information in this challenging audit area. Participants will examine how the Single Audit Act relates to OMB Uniform Guidance and explore the different types of guidance and requirements found in the Uniform Guidance. Additionally, participants will learn the responsibilities and requirements of the auditor and the auditee, how to identify federal assistance, and how to determine a nonfederal entity’s major programs.
YELLOW BOOK: Qualifies for Yellow Book CPE based on your unique audited entity.
OSCPA has partnered with the Idaho Society of CPAs for this event.
Highlights
- 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
Prerequisites
Background of not-for-profit or governmental accounting and auditing
Designed For
- Auditors performing single audit engagements
- Internal financial staff of governments
- Staff of 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.
Leader(s):
Leader Bios
Michele Kemp, AICPA
Michele Kemp, CPA, received a Bachelor of Science in Accounting and a Bachelor of Science in Economics and Finance from Arkansas Tech University. She also graduated with a Masters of Accountancy from the University of Central Arkansas. She is a licensed CPA in Arkansas.
Michele began her public accounting career at BKD, LLP, the 11th largest CPA firm in the country. As a Manager, she met her spouse and left to start her own firm. She began as a sole proprietor and established the The KEMPFirm, LLC. She worked to grow her practice to a team 15 with over 30 years of combined experience in the public accounting, tax and consulting industry. The firm operated in Arkansas, Oklahoma, Texas, California and Japan. In 2017, faced with a family tragedy, she sold her practice and refocused her services and energies.
Michele has over 24 years experience in public accounting. She has spent a significant portion of her career specializing in governmental and not-for-profit organizations. She currently provides training to organizations related to audit requirements and procedures, leadership and ethics, federal regulation and compliance, internal controls and COSO certifications, operating processes and business practices, and fraud prevention and awareness. In addition, she works with a number of organizations assisting with systems analysis, internal controls and operating reviews, implementation and conversion projects, general business consulting and as a liaison for management during the audit process.
Michele is a member and instructing consultant for the American Institute of Certified Public Accountants and the Arkansas Society of Certified Public Accountants, where she has been recognized as one of the top presenters.
Michele has been honored with the AICPA Outstanding Facilitator Award multiple times.
(2/16/26)
Non-Member Price $410.00
Member Price $310.00