Performing a Single Audit Under the Uniform Guidance
Overview
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
Highlights
Prerequisites
None
Designed For
auditors performing single audit engagements internal financial staff of governments notforprofit entity staff who interact with auditors
Objectives
- Identify what a single audit encompasses.
- Identify key auditee and auditor responsibilities in the compliance audit of federal awards.
- Identify the basic audit requirements in a Uniform Guidance compliance audit.
- Identify the responsibilities of a pass-through entity.
- Identify the auditor and auditee responsibilities related to the schedule of expenditures of federal awards (SEFA).
- Identify the auditor and auditee responsibilities related to internal control over compliance related to federal awards.
- Recognize key considerations when sampling in a Uniform Guidance compliance audit.
- Recognize the auditor's reports required by the Uniform Guidance.
Leader(s):
Leader Bios
Melisa Galasso, AICPA
Melisa Galasso is the founder of Galasso Learning Solutions, LLC. She has nearly 15 years of experience in the accounting profession including in public accounting, education and industry. She specializes in creating custom training courses that promote genuine learning and drive improved outcomes. Melisa teaches courses in advanced technical accounting and auditing, including not for profit and governmental accounting, as well as courses dealing with essential professional and soft skills. Her goal is to customize each course to deliver exceptional return on investment by leaving each participant with actionable takeaways and clear means to apply what was learned. Melisa monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance. She is a member of and frequent instructor for the American Institute of Certified Public Accountants (AICPA), the North Carolina Association of Certified Public Accountants (NCACPA), and the Virginia Society of Certified Public Accountants (VSCPA). Melisa served as Past-President of the Board of NCACPA’s Charlotte Chapter and is Past-Chair of the A&A Committee for the NCACPA. She was appointed in 2016 to the AICPA’s Technical Issues Committee (TIC) which is responsible for monitoring the activities of the various accounting and attestation standard setting boards and submitting comments and recommendations during the due process phase. She was recognized as a Super CPA by Virginia Business Magazine in 2007 and received the 2013 Women to Watch - Emerging Leader Award from the NCACPA and AICPA. She is also a graduate of the 2014 class of the AICPA’s Leadership Academy. In 2016, Melisa was honored as one of the 50 Most Influential Women by the Mecklenburg Times and received the Top 5 Under 35 Award from the VSCPA. She received a 5.0 Speaker award from the NCACPA in 2015 and 2016. In 2016, Melisa received the Don Farmer Award from the NCACPA for the highest combined average scores on knowledge, skills, and materials from participant evaluations for all courses taught in a technical area. Melisa received a Bachelor of Science in Business Administration with a concentration in Accounting and International Business from Georgetown University. Melisa has also completed the Association for Talent Development (ATD) Master Trainer™ Program.
Non-Member Price $443.00
Member Price $352.00