Course ID: BAUG

Fundamentals for Performing a Single Audit Under the Uniform Guidance

Are you new to performing single audits? Or perhaps you need a refresher on the key concepts of performing a compliance audit of federal awards? This core training course will elevate your proficiency and efficiency to perform a single audit using the OMB Uniform Guidance. Gain the confidence you need to navigate the difficult requirements of this challenging audit area.


LEARNING OBJECTIVES
  • Recall how the requirements of the Uniform Guidance relate to GAAS and the Yellow Book.
  • Recognize a pass-through entity, recipient, subrecipient, and contractor.
  • Recognize the auditor’s responsibilities related to the SEFA and major program determination.
  • Identify how the compliance supplement relates to the single audit.
  • Recall key points related to the auditor’s responsibility for testing compliance and internal control over compliance.
  • Identify the key reporting requirements in a compliance audit.
  • Identify some common audit deficiencies found in single audits.
  • Identify types of federal awards.

MAJOR TOPICS
  • An overview of a single audit under the Uniform Guidance
  • Schedule of Expenditures of Federal Awards
  • Major program determination
  • Identifying types of compliance requirements and using the compliance supplement
  • Testing both compliance and internal control over compliance
  • Reporting requirements in a compliance audit
  • Common deficiencies found in single audits

DESIGNED FOR
Audit staff new to the single audit process and those needing a refresher of key elements of a compliance audit of federal awards

FIELD OF STUDY
Auditing (Gvmt)

PREREQUISITES
None

COURSE PRODUCER
AICPA

CPE CREDITS
8.0

LEVEL
Basic

This course is available for your group as:

Group Live On-Demand
 

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Or, contact BLI: 888-481-3500 or learn@blionline.org