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Applying the Uniform Guidance in Your Single Audits


This course provides you with the knowledge to be more efficient and effective at planning and performing audits in accordance with the requirements of the Uniform Guidance and the Single Audit Act. Make sure your skills are up-to-date with the latest information in this challenging audit area.


 Introduction to single audits  Preparation of the schedule of expenditures of federal awards and determining major programs  Understanding, assessing, and testing internal control  Testing compliance with federal statutes and regulations and applicable compliance requirements  Auditor reporting in a Uniform Guidance compliance audit  Program-specific audits  Administrative requirements and cost principles in a single audit  Update on Government Auditing Standards, 2018 Revision


When you complete this course you will be able to:  Analyze the relationship of the Single Audit Act and the OMB Uniform Guidance  Identify the types of guidance and requirements found in the Uniform Guidance  Identify fundamental auditee and auditor responsibilities related to a compliance audit of federal awards  Determine major federal programs  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  Determine reporting requirements  Identify the audit and reporting requirements for program-specific audits


Background of not-for-profit or governmental accounting and auditing

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