Intricacies of single audits are unraveled to enhance your knowledge and ability to plan, perform and evaluate single audits in accordance with the Uniform Guidance requirements.
Learning Objectives
- Learning Outcomes
- Assess additional considerations related to a Uniform Guidance compliance audit and audits conducted under Government Auditing Standards beyond the fundamental concepts.
- Formulate the terms of the engagement and planning considerations.
- Evaluate whether the SEFA is fairly stated, in all material respects, in relation to the auditee’s financial statements as a whole.
- Assess major programs using a four-step process.
- Evaluate the responsibilities of the nonfederal entities and auditors as they relate to internal control over compliance.
- Formulate how to perform a compliance audit and how to obtain the audit evidence needed to express an opinion on compliance.
- Evaluate considerations related to sampling in a compliance audit performed under the Uniform Guidance.
- Evaluate considerations of pass-through entities and subrecipients.
- Assess reporting considerations in a Uniform Guidance compliance audit.
