Advanced Topics in a Single Audit

Breaking down the complexities surrounding single audits

Navigating single audit complexities requires extensive knowledge and meticulous attention to detail. As an advanced auditor, you should know how to manage the complicated issues that can occur in a single audit.

You’ll dive into complex topics, such as:

• Auditor and auditee responsibilities in a compliance audit of federal awards
• Requirements for the schedule of expenditures of federal awards
• Major program determination
• Requirements for controls, risk assessment and sampling

Interactive learning experience

Case studies and real-world examples are woven into the course to help you sharpen your skills and deepen your understanding.

Who Will Benefit

Auditors responsible for planning, directing and reporting on single audits

Key Topics

• Auditor and auditee responsibilities
• Schedule of expenditures of federal awards
• Major program determination
• Requirements for controls
• Risk assessment
• Sampling

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.