CPE Self-Study

Advanced OMB Circular A-133 Issues

  • $135.00-$169.00
    Advanced OMB Circular A-133 Issues In Stock Product #: 736176
    AICPA Member: $135.00
    Non-Member: $169.00
  • $135.00-$169.00
    Advanced OMB Circular A-133 Issues Online Access Product #: 157890
    AICPA Member: $135.00
    Non-Member: $169.00

This course discusses various critical and pertinent topical areas encountered in an OMB Circular A-133 compliance audit. It covers topics that will assist you in planning, performing and reporting on the compliance audit. This course provides insight into key issues not found in other courses.

Advanced topics covered in the course include obtaining an understanding of internal control over compliance, the major program determination process, and audit sampling in the compliance audit. Reporting in a compliance audit is discussed, including discussion of the schedule of expenditures of federal awards and the schedule of findings and questioned costs. In addition, issues related to pass-through awards and the subrecipients that receive those awards can be found in this course.

Topics Discussed

  • Planning the audit
  • Schedule of expenditures of federal awards
  • Determination of major programs
  • Internal control over compliance
  • Compliance auditing
  • Audit sampling in a compliance audit
  • Pass-through awards
  • Reporting in a compliance audit

Learning Objectives:
When you complete this course, you will be able to:

  • Identify key planning considerations of a single audit
  • Identify advanced issues regarding the presentation and audit of the SEFA
  • Understand Circular A-133 requirements related to internal control over compliance for Federal Awards
  • Discuss the use of audit sampling in a compliance audit
  • Understand audit issues regarding pass-through entities and subrecipients
  • Understand the reporting requirements of a compliance audit

Who Will Benefit?
Auditors responsible for planning, directing, and reporting on A-133 compliance audits

Prerequisite:  Experience in A-133 auditing

Advanced Preparation:  None

System Requirements

About the Authors

Jack F. Georger Jr., CPA

Stephen L. Larson, MBA, CPA

About the Publisher


About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.