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Tuesday, September 22, 2020 Webcast

Applying the Uniform Guidance in Your Single Audits (X3-2206860)

9:00 AM - 5:00 PM EDT
webcast

Webcast

8.0 CPE Credits in AA

OVERVIEW

Does a single audit have you running in circles? Become more efficient and effective at planning and performing audits in accordance with the requirements of the Uniform Guidance for Federal Awards and the Single Audit Act. Make sure your skills are up-to-date with the latest information in this challenging audit area.

DESIGNED FOR

Auditors performing single audit engagements, internal financial staff of governments, and not­for-profit entities interacting with auditors.

BENEFITS

  • Analyze the relationship of the Single Audit Act and the OMB Uniform Guidance
  • Identify the types of guidance and requirements found in the Uniform Guidance
  • Identify fundamental auditee and auditor responsibilities related to a compliance audit of federal awards
  • Determine major federal programs
  • Determine the requirements of the single audit as it relates to understanding internal control, assessing the level of control risk, and testing the effectiveness of internal control relative to federal awards
  • Identify the single audit requirements for testing the direct and material compliance requirements for major programs
  • Determine reporting requirements
  • Identify the audit and reporting requirements for program-specific audits

HIGHLIGHTS

  • Introduction to single audits
  • Preparation of the schedule of expenditures of federal awards and determining major programs
  • Understanding, assessing and testing internal controls
  • Testing compliance with federal statutes and regulations and applicable compliance requirements
  • Auditor reporting in a Uniform Guidance compliance audit
  • Program-specific audits
  • Administrative requirements and cost principles in a single audit
  • Update on Government Auditing Standards, 2018 Revision

COURSE LEVEL

Intermediate

PREREQUISITES

Background of not-for-profit or governmental accounting and auditing.

ADVANCE PREPARATION

None

INSTRUCTOR

Melisa Galasso

Melisa F. Galasso, CPA

AICPA

Melisa Galasso is the founder of Galasso Learning Solutions. 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 serves on the Board of NCACPA’s Charlotte Chapter and is chair of the A&A Committee for the NCACPA. 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. Melisa received a Bachelor of Science in Business Administration with a concentration in Accounting and International Business from Georgetown University.

PRICING

$279.00 - Member

$339.00 - Non Member

Pre-Registration Closed

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COURSE DEVELOPER

AICPA/NJCPA

Qualifies For

  • Yellow Book