Objective
- Thoroughly understand what a single audit includes and excludes
- Apply some of the best practices and avoid some of the worst mistakes seen in single audits
- Skillfully apply today’s single audit requirements
Highlights
- The key requirements and responsibilities related to the schedule of expenditures of federal awards and the determination of major programs
- The processes of determining the direct and material compliance requirements, obtaining an understanding of and testing the related internal controls, and performing compliance testing
- The development and reporting of findings in the schedule of findings and questioned costs
- Additional performance and reporting responsibilities
Designed For
Not-for-profit and government auditorsPrerequisite
Some introductory background in Yellow Book and single auditingAdvanced Preparation
None