Applying the Uniform Guidance in Your Single Audits

Thursday, May 15, 2025

Webcast or Webinar, Online

9:00 AM - 5:00 PM (opens at 8:30 AM) EST

8Credits

Accounting and Auditing

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Course Type: Webcast

Course Code: 25/AI526847

Level: Intermediate

Vendor: AICPA CPE Division

Field of Study: Auditing (Governmental)

Overview:

Designed to provide 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, this course examines how the Single Audit Act relates to OMB Uniform Guidance, as well as the different types of guidance and requirements found in the Uniform Guidance. The course also covers responsibilities and requirements of the auditor and the auditee, how to identify federal assistance and how to determine a nonfederal entity's major programs. Make sure your skills are up to date with the latest information in this challenging audit area.

Objectives:

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 Topics:

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

Major Topics:

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

Designed For:

Auditors performing single audit engagements

Internal financial staff of governments

Staff of not-for-profit entities interacting with auditors.

Prerequisites:

Background of not-for-profit or governmental accounting and auditing