Performing a Single Audit Under the Uniform Guidance - Greater Washington Society of CPAs

Overview

Auditors performing single audits can learn about major program determination, pass-through entity responsibilities, SEFA requirements and other topics.

Highlights

Fundamentals of a compliance audit performed under the Uniform
Guidance

Identifying federal awards and major programs

Pass-through entities and subrecipients

Schedule of expenditure of federal awards (SEFA)

Using the compliance supplement

Uniform Guidance administrative requirements and cost principles

Testing internal control over compliance

Writing an audit finding and reporting requirements of a single audit

Prerequisites

None

Designed For

Auditors performing single audit engagements

Internal financial staff of governments

Not-for-profit entity staff who interact with auditors

Objectives

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.
Identify the responsibilities of a pass-through entity.
Identify the auditor and auditee responsibilities related to the schedule of expenditures of federal awards (SEFA).
Identify the auditor and auditee responsibilities related to internal control over compliance related to federal awards.
Recognize key considerations when sampling in a Uniform Guidance compliance audit.
Recognize the auditor's reports required by the Uniform Guidance.