Applying the Uniform Guidance for Federal Awards in Your Single Audit

Overview

This CPE self-study course is the perfect way to make sure your knowledge and skills are upto-date prior to taking the Intermediate Single Audit Certificate exam, which tests your ability to plan, perform and evaluate single audits in accordance with the requirements of the Uniform Guidance.

Highlights

Schedule of expenditures of federal awards Determining major programs Understanding, assessing and testing internal control over compliance Testing compliance with laws and regulations and direct and material compliance Auditor’s reports Program-specific audits Administrative requirements and cost principles

Designed For

Auditors performing single audit engagements, internal financial staff of governments, and staff of not-for-profit entities interacting with auditors

Objectives

Recognize the relationship of the Single Audit Act and the OMB Uniform Guidance. Recognize the guidance regarding the schedule of expenditures of federal awards (SEFA). Identify how major federal programs are determined. Recognize the requirements of the Uniform Guidance as it relates to internal control over compliance. Identify the single audit requirements for testing compliance with federal statutes and regulations and the direct and material compliance requirements relative to major federal programs. Identify the reporting requirements for a Uniform Guidance compliance audit. Recall the audit and reporting requirements of program-specific audits.

Notice

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