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CPE Self-Study

Fundamentals for Performing a Single Audit Under the Uniform Guidance

Publisher: AICPA
  • $149.00-$189.00
    Fundamentals for Performing a Single Audit Under the Uniform Guidance In Stock Product #: 746392
    AICPA Member: $149.00
    Non-Member: $189.00
  • $129.00-$169.00
    Fundamentals for Performing a Single Audit Under the Uniform Guidance Online Access Product #: 164311
    AICPA Member: $129.00
    Non-Member: $169.00
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    Product #: GT-BAUG

Are you seeking a better understanding of the Uniform Guidance compliance audit and who must undergo this type of engagement? This CPE course provides an overview of the basic elements and requirements of a compliance audit performed under the Uniform Guidance and explains how generally accepted auditing standards (GAAS) and the Yellow Book are related. This course also covers the different types of federal awards, along with audit implications for a recipient or subrecipient. The schedule of expenditures of federal awards is introduced, along with a description of major program determination and the auditor's responsibilities related to testing and reporting.

Learning Objectives

This course will prepare you to do the following:

  • 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.
  • Recognize key considerations related to the auditor's responsibilities regarding testing and reporting on compliance under the Uniform Guidance.

Key Topics

  • Fundamentals of a compliance audit performed under the Uniform Guidance
  • Identifying federal awards
  • Pass-through entities and subrecipients
  • Schedule of expenditure of federal awards
  • Determination of major programs
  • Using the Compliance Supplement
  • Uniform Guidance administrative requirements and cost principles
  • Testing internal control over compliance
  • Testing compliance
  • Writing an audit finding
  • Reporting requirements of a single audit

Who Will Benefit?

  • Auditors seeking knowledge about the basics of a Uniform Guidance compliance audit

System Requirements

About the Authors

Laura Lindal, CPA

Kirkland, Washington

Laura Lindal, CPA has more than twenty-five years of experience in auditing, concentrating on audits performed in accordance with Government Auditing Standards, including HUD audits, and single audits (also referred to as A-133 audits). In addition to spending those 25 years performing audits, she also works with companies and organizations as they develop their internal control and policies and procedures related to their financial reporting process as well as working with auditees preparing for audits. She works with auditors and their firms to design, document and perform audits in accordance with professional standards while maintaining the highest degree of efficiency possible.

Laura provides continuing professional education in various areas, including single audits, HUD audits and Yellow Book audits. Laura is a Certified Public Accountant in California, Washington, and Alaska. She currently has an audit practice in Kirkland, Washington.

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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