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CPE Self-Study

Applying the Uniform Guidance for Federal Awards in Your Single Audit

Publisher: AICPA
  • $219.00-$279.00
    Applying the Uniform Guidance for Federal Awards in Your Single Audit In Stock Product #: 746381
    AICPA Member: $219.00
    Non-Member: $279.00
  • $209.00-$279.00
    Applying the Uniform Guidance for Federal Awards in Your Single Audit Online Access Product #: 164301
    AICPA Member: $209.00
    Non-Member: $279.00
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    Purchasing multiple enrollments for your organization? Contact a representative for pricing or for on-site training opportunities. 800.634.6780 | Contact Us

    Product #: GT-INUG-C

This course is the perfect way to make sure your skills are up-to-date in preparation for taking the Intermediate Single Audit Certificate exam. Visit the Single Audit Certificate website for more information on the certificates and learning options available.

What knowledge do you need to be more efficient and effective at planning and performing audits in accordance with the Uniform Guidance?

In this course you will gain knowledge regarding performing a compliance audit under the Uniform Guidance, including the responsibilities of both the auditee and auditor. Learn how to identify federal assistance and how to determine a nonfederal entity's major programs. Also covered is a key part of the compliance audit, that is, gaining an understanding of, assessing, and testing internal control over compliance. Using this knowledge, you will learn what is involved in identifying and testing compliance requirements in a single audit, and reporting on the results.

This course contains case studies so that you can apply the knowledge gained through the course material.

Learning Objectives

This course will prepare you to:

  • Recognize the relationship of the Single Audit Act and the OMB Uniform Guidance
  • Identify fundamental auditee and auditor responsibilities related to a compliance audit of federal awards
  • Recognize the guidance regarding the Schedule of Expenditures of Federal Awards (SEFA)
  • Identify how major federal programs are determined
  • Recognize the requirements of a single audit as it relates to understanding internal controls, assessing the level of control risk, and testing the effectiveness of internal controls relative to federal awards
  • Identify the single audit requirements for testing compliance with federal statutes and regulations and the applicable compliance requirements relative to major federal programs
  • Identify the reporting requirements for a Uniform Guidance compliance audit
  • Recall the audit and reporting requirements of program-specific audits

Key Topics

  • Fundamentals of a single audit
  • Identifying federal assistance and determining major programs
  • Understanding, assessing and testing internal controls
  • Testing compliance with laws and regulations and applicable compliance requirements
  • Auditor's reports
  • Program-specific audits
  • Audit tools and guidance

Who Will Benefit?

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

System Requirements

About the Publisher

AICPA

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.

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