If you thought applying one set of audit standards is tough enough, how about applying three different sets of audit standards in one “single” audit? That’s exactly what happens when the auditor applies GAAS, the Yellow Book and the OMB requirements in a Single Audit. This session will start with a single audit “nuts and bolts” overview before delving into unique aspects and audit issues of the era of pandemic-related funding. Join our expert panel of federal, state and local auditors and practitioners to learn what you need to know if you are performing audits under these audit standards and the Uniform Guidance for Federal Awards.
- Single Audit basics
- Application of the GAO’s Fraud Risk Management Framework
- Audit issues arising related to Pandemic funding programs
- Review of 2021 Compliance Supplement and Addendums 1 and 2 to the 2021 Compliance Supplement
- 2022 Compliance Supplement (assuming it has been issued by then)
- Updates to specific Uniform Guidance rules and regulations
CPAs performing Yellow Book and Uniform Guidance Audits.
- Identify unique elements of the 2021 Compliance Supplement, Addendums 1, and 2 of the Compliance Supplement
- Describe changes to the Uniform Guidance Rules and Regulations
- Be aware of the potential audit issues related to pandemic funding programs
David L. Cotton, CPA, CFE, CGFM is chairman of Cotton & Company LLP, Certified Public Accoun¬tants. Mr. Cotton received his BS in me¬chanical engineering (1971) and an MBA in management science and labor rela¬tions (1972) from Lehigh University in Bethle¬hem, PA. He also pursued gradu¬ate studies in accounting and auditing at the University of Chicago, Graduate School of Business (1977 to 1978).
Mr. Cotton is presently serving on the Advisory Council on Government Auditing Standards. He is a member of the Advisory Council of the Academy for Government Accountability. He is also a member of the advisory board of the Institute for Truth in Accounting. He is serving on the Institute of Internal Auditors (IIA) Anti-Fraud Programs and Controls Task Force, and is a former member of the American Institute of CPAs (AICPA) “Group of 100.” He served on the AICPA task force that wrote Management Override: The Achilles Heel of Fraud Prevention. He is the past-chairman of the AICPA Federal Accounting and Auditing Subcommittee and has served on the AICPA Gov¬ernmental Account¬ing and Auditing Com¬mit¬tee and the Government Technical Standards Subcom¬mittee of the AICPA Profes¬sional Ethics Execu¬tive Committee.
Mr. Cotton served on the board of the Virginia Society of Certified Public Accountants (VSCPA), and on the VSCPA Litigation Services Committee, Professional Ethics Committee, Quality Review Committee, and Governmental Accounting and Auditing Committee. He is member of the Greater Washington Society of CPAs (GWSCPA) and is serving on the GWSCPA Professional Ethics Committee. He is a member of the Association of Government Accountants (AGA) and is past-advisory board chairman and past-president of the AGA Northern Virginia Chapter. He is also a member of the Institute of Internal Auditors and the Association of Certified Fraud Examiners.
Mr. Cotton has testified as an expert in governmental accounting and auditing issues and fraud issues before the United States Court of Federal Claims and other administrative and judicial bodies. Mr. Cotton served as a technical reviewer for the 1999 through 2003 editions of the AICPA Audit and Accounting Guide Audits of Federal Government Contractors. Mr. Cotton is the author of the AICPA continuing education courses Fraud in Governmental and Not-for-Profit Audits—the Auditor’s Responsibilities Under SAS 82 and Joint and Indirect Cost Allocations: How to Prepare and Audit Them. He has lectured frequently on auditors’ fraud detection responsibilities under SAS 99, Consideration of Fraud in a Financial Statement Audit. He also has been an adjunct instructor at the Inspectors General Auditor Training Institute (Auditing the Federal Contracting Process and Contract and Procurement Fraud) and currently teaches at the George Mason University Small Business Development Center (Fundamentals of Accounting for Government Contracts).
Frank Crawford is President of Crawford & Associates, P.C., Certified Public Accountants, an accounting firm located in Oklahoma City, Oklahoma. The firm specializes in providing auditing, consulting and accounting services solely to governmental entities and is a member of the AICPA’s Government Audit Quality Center. During the last 23 years, Crawford & Associates has provided a variety of audit and accounting services to all sizes of government including many types of financial statement audits and attestation services, fraud investigations, internal control analysis, accounting policy and procedure development, contract internal auditing and internal monitoring, developing management anti-fraud programs and controls, quality assurance reviews, training, and expert witness testimonies.
Mr. Crawford is currently the Chair of the AICPA Government Expert Panel (2 years) and the Oklahoma Society of CPAs Government Accounting and Auditing Committee (10 years), and has also been involved in a number of other AICPA committees and task forces as they relate to governmental accounting and auditing, including the AICPA Governmental Accounting and Auditing Committee, the AICPA Government and Not-For-Profit Expert Panel, the AICPA Government Performance and Accountability Committee, and the AICPA GASB 34 Audit Guide Revision Task Force.
Mr. Crawford is also currently the Chairman of the AICPA National Governmental Accounting and Conference Planning Task Force (5 years), and is also a member of the Planning Committee of the AICPA's Government and Not-For-Profit Training Conference (9 years).
Over the years, Mr. Crawford has assisted both the AICPA and GASB in the development of several implementation guides as a member of an advisory group, task force or technical content provider. His experience with GASB 34 implementation and audit issues dates back to June 30, 1999, as auditor of the first general-purpose government in the United States to implement the requirements of GASB 34.
Mr. Crawford is also currently working with many of the U.S. territories, commonwealths and freely-associated states on audit finding resolution and financial analysis projects and serves as a technical consultant and advisor to a number of federal government agencies.
He is a frequent lecturer, trainer and discussion leader for numerous groups, including U.S. federal government agencies, various local and national CPA firms, a number of state societies, and has appeared in several AICPA continuing professional education videos and live satellite CPE broadcasts and webcasts related to governmental accounting and auditing.
Non-Member Price $300.00
Member Price $250.00