Preparing for your First Single Audit: An Auditee Perspective
With the significant influx of federal funding due to the COVID-19 pandemic, there will likely be many entities that have never had to undergo a single audit before. This webcast will focus on helping auditees better understand what is involved.
Format
Webcast
NASBA Field of Study
Auditing (Governmental)
Level
Intermediate
CPE Credits
2
Author(s)
Stephen Blann, Amanda Ward
Availability
3 months
- Identify the requirements and responsibilities of auditees in a single audit.
- Identify the requirements and responsibilities of auditors in a single audit.
- Use information about important COVID-19 considerations to prepare for your first single audit.
- Single Audit
- COVID-19
- Government Auditing Standards
Beyond the basics
Auditees play a key role in the single audit process. With the significant influx of federal funding due to the COVID-19 pandemic, there will likely be many entities that have never had to undergo a single audit before. This webcast will focus on helping auditees better understand what is involved and these areas and will include the following topics:
- Auditee requirements and responsibilities in a single audit including compliance, internal control over compliance, the Schedule of Expenditures of Federal Awards, the Data Collection Form, the Summary of Prior Audit Findings, and the Corrective Action Plan
- What auditors are required to do in a single audit, including major program determination and reporting findings, and what is generally needed from management
- Tips for getting ready for a single audit and important COVID-19 considerations.
Government Audit Quality Center (GAQC) members save an additional 20%
If you are a GAQC member, you can save 20% more off the registration price. Find out more information on the GAQC Website.
- Auditees who are recipients of COVID-19 Relief Funding and are subject to their first ever single audit or governmental compliance audit and their auditors.
Looking for group pricing?
We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org
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