Part 3: Compliance Requirements and Internal Control over Compliance (bold)
In Part 3 of the Single Audit Fundamentals Series (link) we will focus on the execution portion of a single audit including a discussion of the types of compliance requirements and internal control over compliance.
Topics covered include:
• Introduction to and using the annual OMB Compliance Supplement (Supplement)
• Identifying compliance requirements subject to audit using the Supplement
• Determining direct and material compliance requirements
• Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards at 2 CFR 200 (UG or Uniform Guidance) requirements for testing internal controls
• Understanding and testing the compliance requirements
• Documentation requirements
Government Audit Quality Center (GAQC) members save an additional 20% (bold)
If you are a GAQC member, you can save 20% more off the registration price. Find out more information on the GAQC Website. (link to: https://www.aicpa.org/interestareas/governmentalauditquality.html)
*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
• understanding, assessing, and testing internal control over Compliance
• testing Compliance with federal statutes and regulations and Compliance Requirements subject to audit
none
Auditors of nonprofits and state and local governments subject to single audits