Melisa F. Galasso, CPA


    Credit Info
  • NASBA Field of Study

  • Format

    On demand

  • Level

  • CPE Credit


  • Course acronym

  • Prerequisites

  • Course duration

    10 Hours

Advanced Topics in a Single Audit

Key issues can arise in a single audit engagement conducted under the Uniform Guidance.

This CPE Self-study course is the perfect way to make sure your skills are up-to-date before taking the Advanced Single Audit Certificate exam.

Emphasizing advanced topics that require attention, this course allows you to enhance your knowledge and test in your ability to plan, perform and evaluate single audits in accordance with the requirements of the Uniform Guidance. Case studies and real-world examples are featured
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Topics discussed

Planning the compliance audit and other risk assessment considerations
Required elements of the schedule of expenditures of federal awards
Major program determination process, including clusters, loans, and loan guarantees
Considerations when assessing and evaluating internal controls over compliance
Audit sampling
Evaluating and reporting on applicable compliance requirements related to compliance testing
Considerations for pass-through entities
Advanced audit reporting issues

Learning objectives

Assess fundamental auditee and auditor responsibilities in a compliance audit of federal awards
Evaluate whether the requirements related to the schedule of expenditures of federal awards have been met in your audit engagement
Evaluate whether proper major federal programs to be audited in a compliance audit were identified
Interpret the requirements for understanding internal controls, assessing the level of control risk, and testing the effectiveness of internal controls relative to federal awards
Interpret and evaluate the reporting requirements of a single audit
Interpret and evaluate guidance regarding sampling in a compliance audit

Who will it benefit?

Auditors responsible for planning, directing, and reporting on single audits