In Part 2 of the Single Audit Fundamentals Series we will walk you through the major program determination process to help beginners understand this critical part of performing a single audit.
Topics covered include:
Considerations prior to major program determination
Applying the risk-based approach for determining major programs under the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards at 2 CFR 200 (UG or Uniform Guidance)
Communications with cognizant or oversight agency for audit
Auditors of nonprofits and state and local governments subject to single audits