Single Audits are an area of focus for the AICPA's Enhancing Audit Quality Initiative. The Uniform Guidance provides very unique audit requirements when auditing federal funds. This course will look into the unique performance and reporting requirements in Single Audits. Participants will leave with a basic understanding of internal controls over compliance, compliance requirements, how to use the Compliance Supplement, and the elements of a finding in a Single Audit. 

Agenda:

• Background Financial Statement vs Compliance Audit SEFA
• Major Program Determination
• Compliance Requirements
• Audit Risk Reporting