Fundamentals of Single Audit 2024

Overview

This course provides an overview of single audit requirements and how generally accepted auditing standards and government auditing standards apply to a compliance audit.

Highlights

• Cost Principles
• Understand and Identify Federal Awards • Pass-through entities and sub-recipients • Schedule of Expenditures of the Federal Awards • Application of Compliance Supplement • Compliance requirements • Test of Internal Control and Test of Compliance attributes • Reporting requirements

Prerequisites

Basic understanding of governmental accounting and auditing

Designed For

Auditors who perform compliance audits under Uniform Guidance, Internal Auditors and Management responsible for grant management.

Objectives

• Identify what a single audit encompasses • Understand the audit responsibilities between auditors and auditees in the compliance audit of federal awards • Gain an overview of the Uniform Guidance

Preparation

None