- NY Credits : 7.0
- TX Credits : 7.0
Companion to PPC's Guide to Single Audits - Course 2 - Pre-engagement Activities and Internal Control Considerations (GSATG172)
Identify the financial reporting entity and appropriate acceptance and continuance procedures.
Determine how to establish the engagement terms, whether there is a need for a single audit, the amount of federal awards expended, the frequency of the audit and audit period, and what special planning considerations are needed for initial engagements.
Identify what an auditor must do to obtain an understanding of a governmental entity’s internal control.
Determine responsibilities for internal control in all audits, additional responsibilities for single audits, what controls should be tested, how to perform tests of the operating effectiveness of controls, and how to report responsibilities.
Lesson 1—Pre-engagement Activities
Lesson 2—Internal Control Considerations