Auditors face a host of new challenges and uncertainties this year as they perform single audits of nonprofit (and potentially other) organizations. Due to COVID-19 federal relief awards, many nonprofits may be subject to a single audit for the first time. Overlooking the requirement could be detrimental to the organization and/or the auditor. Important considerations for single audits this year include changing regulations and a lack of final reporting guidance. Learn about the recent changes and current requirements.
DESIGNED FOR
Accounting and finance personnel in industry
Practitioners providing services to organizations that receive funding
BENEFITS
Obtain an understanding of the single audit requirements.
HIGHLIGHTS
This session will cover these topics:
- The differences between single audit, Yellow Book and other audits
- Funding sources/amounts that require single audits
- Recent changes in funding causing these audits
- Requirements of single audits
PREREQUISITES
None
ADVANCE PREPARATION
None