Performing a Single Audit Under the Uniform Guidance

Overview

How to perform a single audit

The knowledge you need

Learn the basics of a Uniform Guidance compliance audit.

The basics and more

Gain an understanding of the basic elements, including an overview of requirements and how GAAS and the Yellow Book apply to the compliance audit, as well as who must undergo this type of engagement.

Federal awards

Learn the different types of federal awards, along with audit implications for a recipient or subrecipient. Become aware of the schedule of expenditures of federal awards and the description of major program determination.

Your responsibilities

Understand your responsibilities related to testing and reporting.

Highlights

Key Topics

• Fundamentals of a compliance audit performed under the Uniform Guidance
• Guidance identifying federal awards
• Pass-through entities and subrecipients
• Schedule of expenditure of federal awards
• Determination of major programs
• Using the Compliance Supplement
• Uniform Guidance administrative requirements and cost principles
• Testing internal control over compliance
• Testing compliance
• Writing an audit finding
• Reporting requirements of a single audit

Prerequisites

None

Designed For

Who Will Benefit

• Auditors performing single audit engagements
• Internal financial staff of governments
• Staff of not-for-profit entities interacting with Auditors

Objectives

Learning Outcomes

• Identify what a single audit encompasses.
• Identify key auditee and auditor responsibilities in the compliance audit of federal awards.
• Identify the basic audit requirements in a Uniform Guidance compliance audit.
• Recognize key considerations related to the auditor's responsibilities regarding testing and reporting on compliance under the Uniform Guidance.