Advanced Topics in a Single Audit: Internal Control and Compliance Auditing

Overview

Be ready for compliance auditing

Key issues

Gain insight into key issues related to internal control and compliance auditing.
As it relates to internal control, gain an understanding about the following requirements of the Uniform Guidance:

perform procedures to obtain an understanding of internal control over federal programs sufficient to plan the audit to support a low assessed level of control risk of noncompliance for major programs;
plan the testing of internal control over compliance for major programs to support a low assessed level of control risk of noncompliance for the assertions relevant to the compliance requirements for each major program; and
perform testing of internal control over compliance as planned; and report on internal control over compliance, describing the scope of testing of internal control and the results of the tests and, where applicable, referring to the separate schedule of findings and questioned costs.

Understand the importance of documenting the work that was done.

Learn about various aspects of the compliance audit that require particular attention, including information about performing a compliance audit and obtaining the audit evidence needed to express an opinion on compliance.

Advanced topics

Explore advanced topics including the following:

Ineffective internal controls
Dual-purpose testing
Subrecipients
Program clusters

Highlights

Key Topics

Considerations when assessing and evaluating internal controls over compliance
Evaluating and reporting on applicable compliance requirements related to compliance testing

Prerequisites

Intermediate competency in single audits

Designed For

Who Will Benefit

Auditors responsible for planning, directing, and reporting on single audits

Objectives

Learning Outcomes

Interpret the requirements for understanding internal control, assessing the level of control risk, and testing the effectiveness of internal control relative to federal awards.
Determine how to perform a compliance audit and how to obtain the audit evidence needed to express an opinion on compliance.