The Single Audit from Beginning to End Update

Overview

This course is an updated overview of the single audit of state and local governments and not-for-profit organizations under the OMB Unified Circular, as well as the applicable AICPA standards for compliance audits. 

Prerequisites

None

Objectives

• To enable participants to understand and apply the provisions of the OMB Unified Circular and the applicable AICPA standards

Highlights

• Introduction
• Applicable AICPA standards
• Applicable OMB Circular
• Gathering information - determining the major programs
• Identifying risk – identifying the applicable compliance requirements
• Assessing risk – considering the internal controls over compliance requirements
• Designing procedures that are responsive to assessed risks – the tests of internal controls and compliance
• Evaluating single audit evidence