Using Part 6 of the New Compliance Supplement on Internal Control
This GAQC Webcast will walk you through the new Part 6 of the OMB Compliance Supplement and how to best use it for your single audit.
Format
Webcast
NASBA Field of Study
Auditing (Governmental)
Level
Intermediate
CPE Credits
2
Instructor
Kimberly McCormick
Availability
3 months
Product Number
WC3197468
An enhanced Part 6
The 2019 Office of Management and Budget (OMB) Compliance Supplement (the Supplement) included an overhaul of Part 6, Internal Control. Over the last year, the GAQC has worked collaboratively with OMB to enhance Part 6, to more closely align it with how auditors consider internal control over compliance and to provide more illustrative controls.
The new Part 6 includes a summary of the Uniform Guidance requirements for internal control, a background discussion on important internal control concepts, and appendices that include illustrations of entity-wide internal controls over federal awards and internal controls specific to each type of compliance requirement.
This GAQC webcast will walk you through the new Part 6 of the OMB Compliance Supplement and will include:
- A discussion of important internal control concepts
- Case studies to assist your understanding
- Documentation considerations
Key Topics
- Single Audit
- Internal Control
- Yellow Book
Learning Outcomes
- Differentiate important internal control concepts.
- Apply documentation considerations important to internal control for a single audit.
Who Will benefit
- Auditors and partners of Single Audits
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