Instructor
Jeff Lieman
Instructor
Auditing experience includes 25 years in public accounting as an auditor and 6 years as an insurance regulator (auditor) including 3 years as the Chief Financial Examiner for the State of Maryland.
Professional training since 1980 for both CPA firms and the public. The 2014 training schedule includes over 100 days in many states for continuing profession education for CPAs. I also assist in teaching prep classes for both the CPA and CFA examinations. Currently hold the designation of Certified Public Accountant and Certified Financial Examiner.
Specialties: Auditing, accounting under both US and international Generally Accepted Accounting Principles, fraud, accounting services, business planning, and staff development. Industries expertise includes concentrations in construction, real estate, governmental units, nonprofit entities, retail, and investment companies. Investigative accounting services including fraud investigation.
Be prepared for the responsibilities of planning, directing, and reporting on a single audit engagement conducted under the Uniform Guidance. This course gives you insights into key issues that are not covered in other courses, with an emphasis on advanced topics that require particular attention. Case studies are provided to highlight key compliance audit requirements and to help put the guidance into practice.
• Assess risk when planning a compliance audit of federal awards.
• Evaluate whether the requirements related to the Schedule of
Expenditures of Federal Awards (SEFA) have been met in your audit
engagement.
• Evaluate whether major federal programs to be audited have been
appropriately identified.
• Interpret the requirements for understanding internal control,
assessing the level of control risk, and testing the effectiveness of
internal control relative to federal awards.
• Interpret and evaluate the reporting requirements of a single audit.
• Interpret and evaluate guidance regarding sampling in a compliance
audit.
• Identify considerations related to pass-through entities.
• Planning the compliance audit and other risk assessment
considerations
• Required elements of the SEFA
• Major program determination process, including the considerations of
clusters, loans, and loan guarantees
• Considerations when assessing and evaluating internal controls over
compliance
• Evaluating and reporting on applicable compliance requirements
related to compliance testing
• Considerations of pass-through entities and subrecipients
• Audit sampling in a compliance audit
• Advanced audit reporting issues
Intermediate competency in
single audits
Auditors responsible for
planning, directing, and reporting
on single audits