CPE Self-Study

Applying the Uniform Guidance in Your Single Audits

  • $219.00-$279.00
    Applying the Uniform Guidance in Your Single Audits Availability : In Stock Product #: 746383
    AICPA Member: $219.00
    Non-Member: $279.00
  • Contact Sales
    Contact a representative for group pricing or on-site training opportunities. 800.634.6780 (Option 1) | Contact Us Product #: GT-INUG-C

This course is the perfect way to make sure your knowledge and skills are up-to-date in preparation for taking the Intermediate Single Audit Certificate exam, which tests your ability to plan, perform and evaluate single audits in accordance with the requirements of the Uniform Guidance. 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 CPE 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, as well as reporting on the results. This course with help you prepare for the upcoming OMB quality study!

Learning Objectives

This course will prepare you to:

  • Recognize the relationship of the Single Audit Act and the OMB Uniform Guidance.
  • Recognize the guidance regarding the schedule of expenditures of federal awards (SEFA).
  • Identify how major federal programs are determined.
  • Recognize the requirements of the Uniform Guidance as it relates to internal control over compliance.
  • Identify the single audit requirements for testing compliance with federal statutes and regulations and the direct and material 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

  • Schedule of expenditures of federal awards
  • Determining major programs
  • Understanding, assessing and testing internal control over compliance
  • Testing compliance with laws and regulations and direct and material compliance
  • Auditor's reports
  • Program-specific audits
  • Administrative requirements and cost principles

Who Will Benefit?

  • Auditors performing single audit engagements, internal financial staff of governments and not-for- profit entities interacting with auditors.

System Requirements

About the Authors

George A. Rippey, CPA

About the Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 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 specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.