Performing Single Audits Under the Uniform Guidance for Federal Awards Webcast
Dec 13 8:00 - 4:00 p.m.
Online
4-A&A; 4-A&A CPE Credits
Applying one set of auditing standards is tough. Applying three sets of auditing standards is really tough. However, this is precisely what the auditor does in applying GAAS, the Yellow Book, and the OMB requirements to a single audit. This is an essential course for auditors performing single audits as it will equip you with the hands-on skills needed to perform audits under the Uniform Guidance for Federal Awards. The course materials utilize a highly illustrative and innovative format. Over 40 focused exercises are included to provide an enhanced working knowledge of the single audit requirements. Highlights
Core concepts involved in the single audit
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
An in-depth, commonsense look at the four-step major program determination process and common problems encountered in its application
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)
Auditee and auditor responsibilities related to the corrective action plan and the summary schedule of prior audit findings
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)
Registration
PICPA Member: $259 Nonmember: $359
More Information
Course No. 744600Level: Intermediate
Prerequisites:
Basic single audit knowledge
Notes
This is a 8 credit webcast
Speaker(s)
Diane Edelstein
Senior Partner
Diane E. Edelstein, CPA Partner Maher
Duessel CPAs
Ms. Edelstein graduated, with distinction, from George Mason University,
Fairfax, VA in 1988 with a Bachelor’s Degree in Accounting. She has worked in
non-profit and governmental auditing for over 20 years. Diane serves as
Single Audit specialist and is the designated audit partner responsible for
quality controls required by her firm’s participation in the AICPA Governmental
Audit Quality Center.
Diane was a member of the Executive Committee of the AICPA Governmental Audit
Quality Center from 2007-2011 and is now a member of the Steering Committee for
the AICPA NPO conference held each June in Washington DC. Diane has just joined
the Practice Monitoring Task Force A-133 Subgroup of the AICPA Peer Review
Board.
Diane has lectured for numerous organizations on the topics of Single Audit,
and accounting and auditing issues for non-profits.
She is a member
of the American and Pennsylvania Institutes of CPAs.