Auditors performing Single Audits and other compliance audits accept a significant amount of risk. Not only are the rules voluminous but they are ever changing. Peer reviewers and agency reviewers have identified numerous issues with Single Audits resulting in firms being referred to the AICPA ethics division. This is why it is critical that those who perform work under Government Auditing Standards (Yellow Book), the Uniform Guidance or other agency compliance audit guides understand and properly test and document compliance with those requirements. To complicate matters the Single Audit landscape has been in flux for two years ever since the federal government began providing COVID-19 funding. It is important to be up to date on filing deadlines, the latest compliance requirements, and changes to the Uniform Guidance. This course will discuss the essentials of performing Single Audits, the most recent guidance on federal awards for not-for-profits, governments, and for-profit entities and recent peer review and agency findings. This course will benefit accountants working in industry who are handling any aspect of federal award compliance. Participants will be able to: • Identify and be able to test the most important aspects of a single audit. • Identify the most recent OMB, Federal agency, and Single Audit requirements. • Be aware of risk areas in audits identified by peer reviewers and agencies. • Test those requirements Prerequisites/Advanced Preparation:Basic understanding of single audit Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor's Yellow Book clients. Note that the determination of course qualification is a matter of an auditor's professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.