Checkpoint Learning

Course Detail

Performing Effective and Efficient Single Audits  

CATEGORY: Accounting & Auditing
8 CPE Credits
Level: Basic

In this full-day webinar you will learn the key changes to the audit requirements of the single audit based on  2 CFR Part 200, Uniform Administrative Requirements, cost Principles, and Audit Requirements for Federal Awards. You will learn the key responsibilities of the auditor including how to determine major programs.  This webinar includes the overall performance of the single audit, reforms to the audit requirements, effective dates, and certain audit requirements that have not changed.  Special attention is given to common single audit deficiencies, best practices, efficient and effective methods to test internal controls and compliance requirements (including sampling techniques), and development of meaningful audit findings.

Major topics include:

  • Review of fundamental requirements for single audits
  • Understanding the auditee and auditor responsibilities in preparing a complete and accurate schedule of expenditures of federal awards based on the new guidance of 2 CFR Part 200
  • Performing a risk-based approach to determine major programs based on the new guidance of 2 CFR Part 200
  • Designing effective and efficient methods to test internal controls and test compliance requirements that could have a direct and material effect on a major program based on the new guidance of 2 CFR Part 200
  • Understanding sampling in a single audit environment
  • Effectively identifying, developing and reporting audit findings to comply with the requirements of 2 CFR Part 200
  • Recognizing effect of new guidance (2 CFR Part 200) and best practices to improve common single audit deficiencies and best practices to improve single audit efficiency will be discussed throughout the session
  • Understanding an overview of the new guidance (2 CFR Part 200) from the perspective of auditee and Federal awarding agency

Please see outline below for webinar break schedule.

Please contact a salesperson at 800.231.1860 to buy this course.

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Learning objectives

Course outline