- NY Credits : 8.0
- TX Credits : 8.0
Companion to PPC's Guide to Single Audits - Course 1 - Concluding the Single Audit and Reporting Under the Single Audit (GSATG171)
Identify commitments and contingencies, the purpose and requirements of a management representation letter, and how accumulated results of audit procedures are determined.
Recognize how workpapers are reviewed, how to evaluate the overall results of audit tests, how to draft the financial statements, and how to submit the data collection form.
Identify the requirements for an exit conference and certain client communications, as well as requirements for workpaper finalization, access, and retention.
Recognize how to address, date, and submit an auditor's report, and identify the various audit reports that are unique to Uniform Guidance compliance audits.
Identify the requirements for reporting on internal control over financial reporting and on compliance as required by Government Auditing Standards, and how to prepare and report on the schedule of expenditures of federal awards.
Recognize compliance reporting requirements applicable to each major program and internal control as required by Uniform Guidance, and how to prepare a summary schedule of prior audit findings.
Identify the GAAS requirements for reporting fraud, noncompliance, and abuse, and the auditor's reporting and communications responsibilities under Government Auditing Standards and Uniform Guidance with respect to control deficiencies.
Recognize what is included in the schedule of findings and questioned costs as well as rules for other reporting matters.
Lesson 1—Concluding the Single Audit
Lesson 2—Reporting under the Single Audit