- NY Credits : 8.0
- TX Credits : 8.0
This interactive self-study course looks at two parts of performing a single audit. Lesson 1 discusses concluding a single audit, including topics such as written representations; summarization and evaluation; and workpaper finalization, access, and retention. Lesson 2 discusses reporting under the single audit, including topics such as the various reports that may be needed, communicating control deficiencies, and the schedule of findings and questioned costs.
Course Expiration Date: November 30, 2022
Please note, the grading fee for answer sheets submitted by regular mail is $109.
Identify appropriate strategies for certain issues that must be dealt with at the conclusion of a single audit.
Determine how to best address other issues that arise at the conclusion of a single audit.
Determine how to address and date auditors' reports, how to submit audit reports, and what is involved with the report on the financial statements.
Recognize elements that must be addressed when completing a report on internal control over financial reporting and on compliance and other matters required by the Yellow Book, the schedule of expenditures of federal awards, and the report on compliance with requirements applicable to each major program and on internal control over compliance required by the Uniform Guidance.
Identify appropriate strategies for the summary schedule of prior audit findings; reports on fraud, noncompliance, and other matters; communicating control deficiencies and other comments; and the schedule of findings and questioned costs.
Lesson 1—Concluding the Single Audit
Lesson 2—Reporting under the Single Audit