Essential Course for Performing Single Audits Under the New Uniform Guidance for Federal Awards Webi

The Uniform Guidance for Federal Awards is fully effective for all 2016 single audits! Make sure that you fully understand the new single audit requirements and how they will affect your 2016 single audits. This is an essential course for auditors performing single audits as it will equip you with the knowledge needed to perform audits under the new Uniform Guidance for Federal Awards. The course materials utilize a highly illustrative and innovative format. Over 30 focused exercises are included to provide an enhanced working knowledge of the new single audit requirements.
Highlights
* Core concepts involved in the single audit (e.g., understanding the relationship between the Single Audit Act and the Uniform Guidance for Federal Awards; important terminology used in single audits; key roles and responsibilities in the single audit process; and SAS No. 117) * The current requirements relating to the schedule of expenditures of federal awards (i.e., the SEFA) and how the auditor provides an in relation to opinion on the SEFA * The updated major program determination process and how the new process may have a significant effect on the time spent in performing single audits in 2016 * Performing the compliance audit of federal awards (i.e., the auditor’s responsibilities related to internal control and compliance for major programs and how the auditor utilizes the Compliance Supplement) * The auditor’s reporting responsibilities in a single audit including the critical requirements related to the schedule of findings and questioned costs * Other significant issues (e.g., key sampling considerations, pass-through entities, and program-specific audits)