2024 Internal Controls Over Compliance vs Compliance
Tuesday, March 11, 2025
Webcast or Webinar, Online
10:00AM - 10:56AM (opens at 9:30 AM) EST
1Credits
Accounting and Auditing
Registration is Open
Members
$39.00 Regular Price
Non-Members
$59.00 Regular Price
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Course Type: Webcast
Course Code: 24/AC853203
Level: Intermediate
Vendor: ACPEN
Field of Study: Auditing (Governmental)
Overview:
Based on an AICPA Enhancing Audit Quality study, 23% of all single audits subject to enhanced oversight were materially non-conforming with professional standards due to failure to properly test controls over compliance.
This course will provide an overview of internal controls over compliance specifically related to Single Audits. We will discuss how to apply the concept of internal controls to various compliance requirements. Additionally, a common finding in the audits of governmental entities receiving federal grants is misidentifying controls and mistaking compliance for a control. That's why this course will also focus on identifying compliance versus controls over compliance.
Objectives:
- Properly document internal controls over compliance in conformity with the Uniform Guidance
- Compare ICFR with ICOC
Major Topics:
- Internal Controls Over Compliance
- Compliance
- Single Audits
Major Topics:
- Internal Controls Over Compliance
- Compliance
- Single Audits