This webcast is the perfect way to make sure your skills are up-to-date in preparation for taking the Intermediate Single Audit Certificate exam. Visit the Single Audit Certificate website for more information on the certificates and learning options available. Does a single audit have you running in circles? This webcast provides you with the knowledge to be more efficient and effective at planning and performing audits in accordance with the requirements of the Uniform Guidance and the Single Audit Act. Make sure your skills are up-to-date with the latest information in this challenging audit area. Topics Discussed Introduction to single audits Identifying federal assistance and determining major programs Understanding, assessing and testing internal control Testing compliance with federal statutes and regulations and applicable compliance requirements Auditor reporting in a Uniform Guidance compliance audit Program-specific audits Considerations related to implementing the Uniform Guidance requirements
When you complete this webcast, you will be able to: ~Analyze the relationship of the Single Audit Act and the OMB Uniform Guidance.~Identify fundamental auditee and auditor responsibilities related to a compliance audit of federal awards.~Determine major federal programs.~Determine the requirements of the single audit as it relates to understanding internal control, assessing the level of control risk, and testing the effectiveness of internal control relative to federal awards.~Identify the single audit requirements for testing compliance with federal statutes and regulations and the applicable compliance requirements relative to major federal programs.~Select reporting requirements.~Identify the audit and reporting requirements for program~specific audits.~Apply the types of guidance and requirements found in the Uniform Guidance, including cost principles for federal awards.
Background of not-for-profit or governmental accounting and auditing