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Auditing the Student Financial Assistance Cluster REBROADCAST
Webcast

Auditing the Student Financial Assistance Cluster REBROADCAST

Explore best practices for auditing the SFA cluster and stay updated on recent and upcoming changes.

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Format

Webcast

NASBA Field of Study

Auditing (Governmental)

Level

Intermediate

CPE Credits

2

Instructor

Lindsey D. Oakley, Sadie Mayle

Availability

3 months

Product Number

WC5001324

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Product Details

Performing single audits of the Student Financial Assistance cluster

This Governmental Audit Quality Center webcast will cover key considerations for auditors conducting single audits with the Student Financial Assistance (SFA) cluster as a major program.

The SFA cluster is one of the more commonly audited programs each year, and the OMB Compliance Supplement section for this cluster has seen numerous changes and updates in recent years. Therefore, it is important for auditors to understand the complexities of auditing the SFA cluster and the specific requirements subject to audit.

Participants in this session will learn about:

  • An overview of the SFA cluster
  • The latest Compliance Supplement guidance for auditing this cluster
  • Compliance requirements identified as subject to audit, including various Special Tests and Provisions
  • Common challenges encountered when auditing the cluster
  • Best practices, tips and answers to frequently asked questions

Key Topics

  • Student Financial Assistance cluster
  • SFA cluster, single audit, U.S. Department of Education
  • Compliance Supplement

Learning Outcomes

  • Analyze the compliance requirements subject to audit for the SFA cluster
  • Distinguish the latest changes in the SFA cluster section of the Compliance Supplement
  • Apply best practices for auditing the SFA cluster

Who Will Benefit

  • Auditors of institutions of higher education
  • Auditors of state and local governments
  • Auditors performing audits for not-for-profits
  • Auditors performing single audits
More Details
NASBA Field of Study
Auditing (Governmental)
Level
Intermediate
Prerequisites
Basic understanding of single audit fundamentals and institutions of higher education
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
2 hrs
Yellow Book Hours
2
Pricing
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Contact us
Speakers
Lindsey D. Oakley
CPA
Lindsey Oakley is a partner of Forvis Mazars National Nonprofit, Education, & Public Sector Group and serves in Forvis Mazars' professional standards group, where she provides technical support to Forvis Mazars auditors, implements new professional standards, and performs concurring reviews on engagements. She also serves as Forvis Mazars' firmwide national financial reporting partner for nonprofit, education and public sector. She joined the professional services group in 2012 after working in the Springfield office, where she provided audit and consulting services for nonprofit organizations, governmental entities, and real estate companies. Lindsey is a member of the American Institute of CPAs (AICPA) and Missouri Society of CPAs. She is the chair of the Executive Committee of the AICPA Governmental Audit Quality Center. She also serves on the Comptroller General's Advisory Council on Government Auditing Standards. She is a 2004 cum laude graduate of Missouri State University, Springfield, with a B.A. degree in accounting, and a 2005 graduate with an M.Acc. degree.
Sadie Mayle
CPA
Sadie is a principal at Plante Moran with more than 14 years of experience serving not-for-profit clients. As a member of the Plante Moran technical standards team, she conducts financial statement and single audit engagement quality reviews for the healthcare and higher education industries. Additionally, in her role as the Healthcare Single Audit Technical Leader, she oversees the development of firm guidance, internal trainings, and presenting on relevant technical topics.
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