Single Audit Fundamentals Part 1: What is a Single Audit?
- This series is intended for staff new to performing single audits or those who need a refresher. Once staff are trained at a basic level, they can take advantage of other more advanced training offered by the GAQC. Part 1 walks through the basics of single audits:
- The background and context of a single audit engagement
- Tips for helping participants differentiate these engagements from traditional financial statement audit engagements
- Responsibilities of auditees, auditors, and federal agencies The GAQC will expand this series to four parts in 2026.
Learning Objectives
- Identify the scope of the single audit and the OMB Uniform Guidance.
- Identify fundamental auditee and auditor responsibilities found in the Uniform Guidance.
- Identify the characteristics of federal awards.
Major Topics
- Uniform Guidance
- Single audit
- Auditor and auditee responsibilities
- Key players and federal agencies
