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CPE Self-Study

Advanced Topics in a Single Audit

  • $179.00-$229.00
    Advanced Topics in a Single Audit Availability : In Stock Product #: 746373
    AICPA Member: $179.00
    Non-Member: $229.00
  • Contact Sales
    Contact a representative for group pricing or on-site training opportunities. 800.634.6780 (Option 1) | Contact Us Product #: GT-ADUG-C

This course is the perfect way to make sure your knowledge and skills are up-to-date in preparation for taking the Advanced 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.

Enhance your knowledge regarding planning, directing, and reporting on a single audit engagement conducted under the Uniform Guidance. Through case studies and real-world examples, this course gives you insights into key issues that may arise, with an emphasis on the advanced topics that require particular attention.

Learning Objectives

  • Assess fundamental auditee and auditor responsibilities in a compliance audit of federal awards.
  • Evaluate whether the requirements related to the schedule of expenditures of federal awards have been met in your audit engagement.
  • Evaluate that proper major federal programs to be audited in a compliance audit were identified.
  • Interpret the requirements for understanding internal controls, assessing the level of control risk and testing the effectiveness of internal controls relative to federal awards.
  • Interpret and evaluate the reporting requirements of a single audit.
  • Interpret and evaluate guidance regarding sampling in a compliance audit.

Key Topics

  • Planning the compliance audit and other risk assessment considerations
  • Required elements of the schedule of expenditures of federal awards
  • Major program determination process, including clusters and loans/loan guarantees
  • Considerations when assessing and evaluating internal controls over compliance
  • Audit sampling
  • Evaluating and reporting on applicable compliance requirements related to compliance testing
  • Considerations for pass-through entities
  • Advanced audit reporting issues

Who Will Benefit?

  • Auditors responsible for planning, performing, and reporting on single audits.

System Requirements

About the Authors

Melisa F. Galasso, CPA

Charlotte, NC

Melisa Galasso is the founder of Galasso Learning Solutions. She specializes in creating custom training courses that promote genuine learning and drive improved outcomes. Melisa teaches courses in advanced technical accounting and auditing, including not for profit and governmental accounting, as well as courses dealing with essential professional and soft skills. Her goal is to customize each course to deliver exceptional return on investment by leaving each participant with actionable takeaways and clear means to apply what was learned. Melisa monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.

She is a member of and frequent instructor for the American Institute of Certified Public Accountants (AICPA), the North Carolina Association of Certified Public Accountants (NCACPA), and the Virginia Society of Certified Public Accountants (VSCPA). Melisa serves on the Board of NCACPA's Charlotte Chapter and is chair of the A&A Committee for the NCACPA. She was recognized as a Super CPA by Virginia Business Magazine in 2007 and received the 2013 Women to Watch - Emerging Leader Award from the NCACPA and AICPA. She is also a graduate of the 2014 class of the AICPA's Leadership Academy. Melisa received a Bachelor of Science in Business Administration with a concentration in Accounting and International Business from Georgetown University.

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.