Fundamentals of Single Audit 2024

Overview

This course provides an overview of single audit requirements and how generally accepted auditing standards and government auditing standards apply to a compliance audit.

Highlights

• Cost Principles
• Understand and Identify Federal Awards
• Pass-through entities and sub-recipients
• Schedule of Expenditures of the Federal Awards
• Application of Compliance Supplement
• Compliance requirements
• Test of Internal Control and Test of Compliance attributes
• Reporting requirements

Prerequisites

Basic understanding of governmental accounting and auditing

Designed For

Auditors who perform compliance audits under Uniform Guidance, Internal Auditors and Management responsible for grant management.

Objectives

• Identify what a single audit encompasses
• Understand the audit responsibilities between auditors and auditees in the compliance audit of federal awards
• Gain an overview of the Uniform Guidance

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by the California Education Foundation (CalCPA). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.