Single Audit Fundamentals Part 3: Compliance Requirements and Internal Control over Compliance WEBCAST

Friday, July 15 8:00am - 10:00am PDT

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2.0 Credits

Member Price $110.00

Non-Member Price $130.00

Overview

We will focus on the execution portion of a single audit including a discussion of the types of compliance requirements and internal control over compliance. Topics covered include: Introduction to and using the annual OMB Compliance Supplement. Identifying compliance requirements subject to audit using the Supplement. Determining direct and material compliance requirements. Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards at 2 CFR 200 (UG or Uniform Guidance) requirements for testing internal controls. Understanding and testing the compliance requirements. Documentation requirements.

Highlights

Understanding, assessing, and Testing internal control over compliance. Testing compliance with federal statutes and regulations and compliance requirements subject to audit.

Prerequisites

None.

Designed For

Auditors of nonprofits and state and local governments subject to single audits.

Objectives

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.

Preparation

None.

Notice

None.

Leader(s):

Leader Bios

Kimberly McCormick

Kimberly McCormick has over 27 years of experience working with all types of not-for-profit and governmental organizations including higher education, cultural organizations, social service organizations, grant-making foundations, religious organizations, and trade associations. A partner with Grant Thornton LLP, she is fully dedicated to serving the not-for-profit sector, and leads the Greater Bay Area office’s not-for-profit industry group.

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Non-Member Price $130.00

Member Price $110.00