Single Audit Fundamentals Part 1: What is a Single Audit? (2 hours)

Overview

This series is intended for staff new to performing single audits or those who need a refresher.

Once staff are trained at a basic level, they can take advantage of other more advanced training offered by the GAQC.

Part 1 walks through the basics of single audits: 

• The background and context of a single audit engagement
• Tips for helping participants differentiate these engagements from traditional financial statement audit engagements
• Responsibilities of auditees, auditors, and federal agencies

The GAQC will expand this series to four parts in 2026.

Highlights

• Uniform Guidance
• Single audit
• Auditor and auditee responsibilities
• Key players and federal agencies

Designed For

• Auditors performing single audits

Objectives

• Identify the scope of the single audit and the OMB Uniform Guidance.
• Identify fundamental auditee and auditor responsibilities found in the Uniform Guidance.
• Identify the characteristics of federal awards.