Part 1 of this Single Audit fundamentals series provides background and context of a single audit engagement and helps participants differentiate these engagements from traditional financial statement audit engagements.
DESIGNED FOR
auditors of nonprofits and state and local governments subject to single audit
BENEFITS
•Introduction to Single audits •identifying federal financial assistance •understanding the Single audit Act and the Relationship with the OMB Uniform guidance
HIGHLIGHTS
*Identify the scope of the Single audit and the OMB Uniform guidance *Identify fundamental auditee and Auditor responsibilities found in the Uniform guidance *Identify the characteristics of federal awards
COURSE LEVEL
Basic
PREREQUISITES
none