About this Course
This course is the perfect way to make sure your knowledge and skills are up-to-date in preparation for taking the Advanced Single Audit Certificate exam, which tests your ability to plan, perform and evaluate single audits in accordance with the requirements of the Uniform Guidance. Visit the Single Audit Certificate website for more information on the certificates and learning options available.
Enhance your knowledge regarding planning, directing, and reporting on a single audit engagement conducted under the Uniform Guidance. Through case studies and real-world examples, this course gives you insights into key issues that may arise, with an emphasis on the advanced topics that require particular attention.
- Assess fundamental auditee and auditor responsibilities in a compliance audit of federal awards
- Evaluate whether the requirements related to the schedule of expenditures of federal awards have been met in your audit engagement
- Evaluate whether proper major federal programs to be audited in a compliance audit were identified
- Interpret the requirements for understanding internal controls, assessing the level of control risk, and testing the effectiveness of internal controls relative to federal awards
- Interpret and evaluate the reporting requirements of a single audit
- Interpret and evaluate guidance regarding sampling in a compliance audit
Key Topics
Planning the compliance audit and other risk assessment considerations
Required elements of the schedule of expenditures of federal awards
Major program determination process, including clusters, loans, and loan guarantees
Considerations when assessing and evaluating internal controls over compliance
Audit sampling
Evaluating and reporting on applicable compliance requirements related to compliance testing
Considerations for pass-through entities
Advanced audit reporting issues
Who will it benefit?
Auditors responsible for planning, directing, and reporting on single audits
