- NY Credits : 8.0
- TX Credits : 8.0
This interactive self-study course takes a look at two issues that affect single audit engagements. Lesson 1 discusses pre-engagement activities, such as determining the financial reporting entity and client acceptance and continuance responsibilities. Lesson 2 covers internal control considerations, including obtaining an under- standing of internal control and the additional internal control responsibilities that affect single audits.
Course Expiration Date: November 30, 2021
Please note, the grading fee for answer sheets submitted by regular mail is $109.
Identify auditing and reporting considerations for single audits, the responsibilities of the cognizant or oversight agencies, and how to determine major federal award programs.
Recognize appropriate risk assessment and planning procedures.
Determine how to make single audit planning decisions and judgments.
Identify the requirements that apply to all single audit samples and guidelines for performing tests of controls over compliance.
Determine how to perform and plan the extent of substantive tests of compliance.
Lesson 1—Planning the Single Audit
Lesson 2—Single Audit Sampling