Single Audit Update: What to Know and How to Prepare (Completed)
Date: Tuesday, July 16, 2024
Instructor: Clark Nuber, Troy Rector, Kelly Rancourt
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
Single Audit engagements continue to be challenging as the Federal pandemic funding has flowed throughout the past few years and while infrastructure funding begins to be awarded. Proposed updates to the Uniform Guidance commenced by the Office of Management and Budget are additional proof that the Single Audit is a dynamic area. Come learn what you need to know as you plan to perform your upcoming Single Audit engagements. For auditees, come learn about the Single Audit and what will be the focus of your auditors.
Who Should Attend
Auditors performing Single Audits subject to the Uniform Guidance. Auditees subject to Single Audits.
Topics Covered
- Uniform Guidance – Subpart F
- 2024 OMB Compliance Supplement
- Highlights on new Federal funding
- Proposed (or Final) Updates to the Uniform Guidance
Learning Objectives
- Be aware of key concepts and changes included in the 2024 OMB Compliance Supplement
- Understand the impact of Federal pandemic and infrastructure funding on Single Audits
- Learn highlights about proposed (or final) changes to the Uniform Guidance
- Identify how changes in the OMB Single Audit guidance to auditors will impact you as the auditee
Level
Intermediate
Instructional Method
Group: Internet-based
NASBA Field of Study
Auditing (Governmental) (2 hours)
Program Prerequisites
Prior experience with Single Audits
Advance Preparation
None
