This course provides you with the knowledge to be more efficient and effective at planning and performing audits in accordance with the requirements of the Uniform Guidance and the Single Audit Act. Make sure your skills are up-to-date with the latest information in this challenging audit area.
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. Update on Government Auditing Standards, 2018 Revision.
Background of not-for-profit or government.
Auditors performing single audit engagements, internal financial staff of governments, and staff of not-for-profit entities interacting with auditors.
Analyze the relationship of 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. Determine reporting requirements. Identify the audit and reporting requirements for program-specific audits.
Melisa F. Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with over 15 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not for profit and governmental accounting. Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI. She also supports essential professional development, audit level training, and train the trainer efforts.
Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers.
She also serves on the FASB’s Not-for-Profit Advisory Committee (NAC), the AICPA’s Technical Issues Committee (TIC), has had leadership roles on various A&A committees, and serves on the VSCPA’s Board of Directors.
Melisa is a 2020 Enterprising Women of the Year Award recipient and was honored as a “40 under 40” by CPA Practice Advisor in 2017 and 2018. She was also named the 2019 Rising Star by her regional NAWBO chapter, received the Don Farmer award for achievement in technical content instruction, and earned several other awards for public speaking and technical training.
Non-Member Price $339.00
Member Price $279.00