PrerequisitesExperience on single audit engagements
Attendance requirementYes
Field of studyAuditing (Governmental)
Attendance is required for CE creditThis is a Group Internet Based program. Credit releases only after verified attendance for the full session duration.
The Uniform Guidance revisions changed the single audit threshold, the major program determination mechanics and several compliance requirement definitions. This session covers what changed, when it applies to your engagements, and how the transition affects an entity that straddles the effective date.
The second half works through the findings that appear most often in peer review and in federal agency quality reviews, with the documentation that would have prevented each one.
Major topics covered
Revised audit threshold and effective dates.
Major program determination.
Compliance requirement changes.
Findings, documentation and reporting.
After completing this session you will be able to:
01Review and apply the revised single audit threshold and its effective date.
02Identify Type A and Type B programs under the current risk-based determination process.
03Explain the compliance requirement changes and their effect on the audit program.
04Analyze the findings most frequently cited in quality review and the documentation that supports a clean file.
Topics covered in this session:
Revised single audit threshold and transition for straddling fiscal years
Schedule of expenditures of federal awards preparation and testing
Type A and Type B program determination and the risk assessment file
Changes to the compliance supplement and affected requirements
Internal control over compliance documentation standards
Sampling, deviation evaluation and projecting results
Reporting findings, questioned costs and the corrective action plan
Recurring peer review findings on single audit engagements
Diane leads single audit and not-for-profit engagements and serves on peer review teams. Her sessions cover Uniform Guidance changes and the findings that surface most often in practice.