Applying the Uniform Guidance in Your Single Audits
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(Check-In 8:30am EST)
Virtual
8.00 Credits
Member Price $309.00
Non-Member Price $459.00
Overview
You could pay $0 for this course!
This course qualifies for reimbursement through the State Workforce Training Express Fund. Firms/companies with fewer than 100 staff will receive 100% of the cost of training reimbursed. You must register for this course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks before the start date of the course to be eligible. The course code for this program is C-9366. To learn more click here or contact Julia Ekelund at jekelund@mscpaonline.org.
Designed to provide you with the knowledge to be more efficient and effective at planning and performing audits in accordance with the requirements of the Uniform Guidance and the Single Audit Act, this course examines how the Single Audit Act relates to OMB Uniform Guidance, as well as the different types of guidance and requirements found in the Uniform Guidance. The course also covers responsibilities and requirements of the auditor and the auditee, how to identify federal assistance and how to determine a nonfederal entity’s major programs. Make sure your skills are up to date with the latest information in this challenging audit area.
Highlights
• Introduction to single audits • Preparation of the schedule of expenditures of federal awards and determining major programs • Understanding, assessing, and testing internal control • 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
Designed For
Auditors performing single audit engagements, internal financial staff of governments, and staff of not-for-profit entities interacting with auditors
Objectives
When you complete this course, you will be able to: • 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
Leader(s):
Leader Bios
John D'Amico, American Institute of CPAs
John D’Amico, CPA a Director with Loeb & Troper LLP, has over 20 years of experience in providing audit, accounting, and consulting services to not-for-profit organizations and governmental agencies. Prior to joining Loeb & Troper John worked at a Big 4 firm and other regional accounting firms. His areas of expertise include OMB A-133 audits, government auditing standards, cost allocations, and internal controls. John has audited a significant number of not-for-profit clients including higher education, social service agencies, religious organizations, professional organizations, and foundations. The majority of these organizations were government-funded agencies. Some of his clients that he as serviced are Fordham University, Wagner College, NYU Medical School, Cornel University, Wildlife Conservation Society (The Bronx Zoo), Heartshare Human Services, American Arbitration Association, and American Civil Liberties Union (ACLU). Also the City of New York and the New York City Board of Education. John has authored articles and conducted workshops and numerous seminars on not-for-profit topics including OMB A-133 requirements. John received a Bachelor of Business Administration degree and a Master of Science degree in Accounting from Pace University. He is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants. He is licensed to practice in the state of New York.
Non-Member Price $459.00
Member Price $309.00