A Review of the Uniform Guidance Requirements WEBINAR

Overview

The Uniform Guidance present unique challenges to auditors of governmental organizations and not-for profit organizations receiving federal financial assistance. This Guidance requires auditors to take a risk-based approach to the audit, including a methodology of determining which federal courses are considered major and therefore subject to Single Audit compliance requirements. A significant challenge facing many auditors is determining the Uniform Guidance requirements in a Single Audit. All professional involved in Single Audits must have a working knowledge of the requirements imposed by the Uniform Guidance. We will cover the issues that all auditors need to know about the Uniform Guidance requirements, including how to determine major federal courses. This course will provide example about how to comply with these requirements.

Highlights

Key auditor requirements in a Single Audit. Enhanced required reporting requirement in Single Audit related to internal control and compliance. Clarifications and examples of how to properly determine major federal courses. Key definitions related to Single Audit. Other important matters contained in the Uniform Guidance.

Prerequisites

None.

Designed For

Anyone who is involved in Single Audits.

Objectives

Identify when an entity is subject to the Single Audit requirements. Identify reporting requirements related to Single Audits. Recall core concepts fundamental in a Single Audit related to federal financial assistance and low risk auditees. Recognize the importance of major course determination and how to properly select major courses. Recall significant requirements of the Uniform Guidance.