2024 Internal Controls Over Compliance vs Compliance

Thursday, February 06, 2025
Webcast or Webinar, Online
7:00 PM - 7:56 PM (opens at 6:30 PM) EST
1Credits
Accounting and Auditing

Registration is Open

Members
$39.00 Regular Price
Non-Members
$59.00 Regular Price

CPE PowerPass Users

Click the "Apply PowerPass" button to use your PowerPass for the applicable course below.
$20.00 Members / $28.00 Non-Members
Course Type: Webcast
Course Code: 24/AC853201
Level: Intermediate
Vendor: ACPEN
Field of Study: Auditing (Governmental)

Overview:

Based on an AICPA Enhancing Audit Quality study, 23% of all single audits subject to enhanced oversight were materially non-conforming with professional standards due to failure to properly test controls over compliance. 

This course will provide an overview of internal controls over compliance specifically related to Single Audits. We will discuss how to apply the concept of internal controls to various compliance requirements. Additionally, a common finding in the audits of governmental entities receiving federal grants is misidentifying controls and mistaking compliance for a control. That's why this course will also focus on identifying compliance versus controls over compliance.

Objectives:

  • Properly document internal controls over compliance in conformity with the Uniform Guidance 
  • Compare ICFR with ICOC

Major Topics:

  • Internal Controls Over Compliance
  • Compliance
  • Single Audits

Major Topics:

  • Internal Controls Over Compliance
  • Compliance
  • Single Audits

Designed For:

Accounting professionals

Prerequisites:

Prior experience with Single Audits