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Performing a Single Audit Under the Uniform Guidance
Audit & Assurance
Webcast

Performing a Single Audit Under the Uniform Guidance

Auditors performing single audits can learn about major program determination, pass-through entity responsibilities, SEFA requirements and other topics.

$349 - $419
Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Format

Webcast

NASBA Field of Study

Auditing (Governmental)

Level

Basic

CPE Credits

8

Instructor

Rebecca Meyer

Availability

Product Number

VBAUG250430

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 Business & partner 
Product Details

Performing a single audit

Exploring various topics related to single audits will give you the knowledge you need to perform these engagements skillfully.

You can learn about:

  • Major program determination
  • Pass-through entity responsibilities
  • SEFA requirements
  • The Compliance Supplement requirements
  • The administrative requirements and cost principles found in the Uniform Guidance

Uniform Guidance compliance audit basics

Prepare for compliance audit engagements by gaining an understanding of the Uniform Guidance basics, such as:

  • Requirements overview
  • Applying GAAS and the Yellow Book to compliance audits
  • Entities that must undergo this type of engagement

Federal awards decoded

Learn about different types of federal awards, along with audit implications for a recipient or subrecipient. Federal award topics covered include:

  • Becoming aware of the SEFA
  • Major program determination

Testing and reporting responsibilities

Understand your responsibilities related to testing and reporting by examining:

  • Testing internal control over compliance
  • Testing compliance
  • Writing an audit finding

Key Topics

  • Fundamentals of a compliance audit performed under the Uniform Guidance
  • Identifying federal awards and major programs
  • Pass-through entities and subrecipients
  • Schedule of expenditure of federal awards (SEFA)
  • Using the compliance supplement
  • Uniform Guidance administrative requirements and cost principles
  • Testing internal control over compliance
  • Writing an audit finding and reporting requirements of a single audit

Learning Outcomes

  • Identify what a single audit encompasses.
  • Identify key auditee and auditor responsibilities in the compliance audit of federal awards.
  • Identify the basic audit requirements in a Uniform Guidance compliance audit.
  • Identify the responsibilities of a pass-through entity.
  • Identify the auditor and auditee responsibilities related to the schedule of expenditures of federal awards (SEFA).
  • Identify the auditor and auditee responsibilities related to internal control over compliance related to federal awards.
  • Recognize key considerations when sampling in a Uniform Guidance compliance audit.
  • Recognize the auditor’s reports required by the Uniform Guidance.

Who Will Benefit

  • Auditors performing single audit engagements
  • Internal financial staff of governments
  • Not-for-profit entity staff who interact with auditors
Credit Info
CPE Credits
8
NASBA Field of Study
Auditing (Governmental)
Level
Basic
Prerequisites
None
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
8 hrs
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA or CIMA membership? Log in to apply your member discount.
Nonmembers
$419.00
AICPA Members
$349.00
CIMA Members
$349.00

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6+ registrants

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US customers call 1-800-634-6780 (option 1)

Contact us
Speakers
Rebecca Meyer
Rebecca Meyer, CPA, CGMA, is President of RAM CPA, PLLC located in Raleigh, NC and is a seasoned CPA and management accountant with more than 22 years of technical finance and leadership expertise in various aspects of attest, accounting and compliance services. Her firm specializes in collaborating with state and local governments, nonprofit organizations, small businesses, regulators, and other CPA firms to provide high quality audit, attest, accounting, finance, and compliance services. Prior to forming her own firm, Ms. Meyer worked for eleven years as a Technical Manager in the AICPA's Professional Ethics Division, where she helped to enforce the AICPA's Code of Professional Conduct by investigating allegations of violations of technical accounting and attest standards, including U.S. Generally Accepted Accounting Principles ("GAAP"), Generally Accepted Auditing Standards ("GAAS"), Generally Accepted Government Auditing Standards ("GAGAS"), Uniform Guidance, ERISA and others. In this role, she assisted in remediation and education of members to improve the overall quality of professional services performed in the industry. Ms. Meyer specializes in government, nonprofit and Single Audit engagements. Ms. Meyer is a member of the AICPA and the North Carolina Association of CPAs. She serves on the AICPA's Technical Standards Subcommittee as well as the Government Accounting and Auditing Committee and the Nonprofit Accounting and Auditing Committee of the North Carolina Association of CPAs.
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