Performing a single audit
Exploring various topics related to single audits will give you the knowledge you need to perform these engagements skillfully. You can learn about:
Major program determination
Pass-through entity responsibilities
SEFA requirements
The Compliance Supplement requirements
The administrative requirements and cost principles found in the Uniform Guidance
Uniform Guidance compliance audit basics
Gaining an understanding of the Uniform Guidance basics will prepare you for compliance audit engagements. You can examine various topics, such as:
Requirements overview
Applying GAAS and the Yellow Book to compliance audits
Entities that must undergo this type of engagement
Federal awards decoded
You can also learn the different types of federal awards, along with audit implications for a recipient or subrecipient. Federal award topics covered include:
Becoming aware of the SEFA
Major program determination
Testing and reporting responsibilities
You will acquire a fundamental understanding of your responsibilities related to testing and reporting by examining topics, such as:
Testing internal control over compliance
Testing compliance
Writing an audit finding