Applying the Uniform Guidance in Your Single Audits

Overview

Performing efficient single audits

You will learn how to be more efficient and effective at planning and performing audits in accordance with the Uniform Guidance.

Highlights include:

Performing a compliance audit under the Uniform Guidance

Auditee and auditor responsibilities

Federal assistance and nonfederal entities' major programs

Internal control over compliance

Reporting your findings

Objectives

Analyze the relationship between the Single Audit Act and the OMB Uniform Guidance.
Identify the types of guidance and requirements found in the Uniform Guidance.
Identify fundamental auditee and auditor responsibilities related to a compliance audit of federal awards.
Determine major federal programs.
Determine the requirements of the single audit as it relates to understanding internal control, assessing the level of control risk, and testing the effectiveness of internal control relative to federal awards.
Identify the single audit requirements for testing the direct and material compliance requirements for major programs.
Identify the audit and reporting requirements for program-specific audits.

Highlights

Introduction to single audits

Preparation of the schedule of expenditures of federal awards and determining major programs

Understanding, assessing, and testing internal control

Testing compliance with federal statutes and regulations and applicable compliance requirements

Auditor reporting in a Uniform Guidance compliance audit

Program-specific audits

Administrative requirements and cost principles in a single audit

Designed For

Auditors performing single audit engagements

Internal financial staff of governments

Staff of not-for-profit entities interacting with auditors

Prerequisites

Background in not-for-profit or governmental accounting and auditing.

Notice

You will receive an email from the AICPA with instructions to access the webinar.

Fees

Credits

Specialized Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Rebecca Meyer, AICPA

Leader Bios

Rebecca Meyer, AICPA

Rebecca Meyer Rebecca Meyer, CPA, CGMA, is President of RAM CPA, PLLC located in Raleigh, NC and is a seasoned CPA and management accountant with more than 22 years of technical finance and leadership expertise in various aspects of attest, accounting and compliance services. Her firm specializes in collaborating with state and local governments, nonprofit organizations, small businesses, regulators, and other CPA firms to provide high quality audit, attest, accounting, finance, and compliance services. Prior to forming her own firm, Ms. Meyer worked for eleven years as a Technical Manager in the AICPA’s Professional Ethics Division, where she helped to enforce the AICPA’s Code of Professional Conduct by investigating allegations of violations of technical accounting and attest standards, including U.S. Generally Accepted Accounting Principles (“GAAP”), Generally Accepted Auditing Standards (“GAAS”), Generally Accepted Government Auditing Standards (“GAGAS”), Uniform Guidance, ERISA and others. In this role, she assisted in remediation and education of members to improve the overall quality of professional services performed in the industry. Ms. Meyer specializes in government, nonprofit and Single Audit engagements. Ms. Meyer is a member of the AICPA and the North Carolina Association of CPAs. She serves on the AICPA’s Technical Standards Subcommittee as well as the Government Accounting and Auditing Committee and the Nonprofit Accounting and Auditing Committee of the North Carolina Association of CPAs.

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