- NY Credits : 6.0
- TX Credits : 6.0
This course details the use and implementation of the single audit from the proposal and planning stages through risk assessment and compliance. Reporting and review requirements are also discussed. The requirements of the Uniform Guidance are covered in depth including the risks considered and reports issued in a single audit. This course also discusses federal awards (FA) and federal compliance requirements and the Compliance Statement. A description is provided for other considerations in performing a single audit, such as risk of material noncompliance, compliance testing and documentation.
Although Government Auditing Standards were revised in 2018, the revision is not effective for financial audits, attestation engagements, and reviews of financial statements until June 30, 2020-and for performance audits beginning on or after July 1, 2019. Early implementation is not permitted. Because of that, this course continues to focus on the current 2011 Yellow Book version.
This course is most beneficial to professionals new to governmental audits who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this subject.
Upon successful completion of this course, the user should be able to:
identify pre-engagement activities and proposals;
recognize the element of the engagement; and
evaluate audit performance.