The final step in the Single Audit is the reporting of the results. This webinar will cover what is required to be reported as a finding and what are the elements of a Schedule of Findings and Questioned Costs. We will also look at the Summary Schedule of Prior Audit Findings and the Corrective Action Plan.
Publication Date: December 2020
Topics Covered
- What is required to be reported
- Elements of a Schedule of Findings and Questioned Costs
- Summary Schedule of Prior Audit Findings
- Corrective Action Plan
Learning Objectives
- Recognize what is required to be reported as a finding
- Identify the elements of a Schedule of Findings and Questioned Costs
- Describe the Summary Schedule of Prior Audit Findings and the Corrective Action Plan
- Recognize which categories of finding is required to be included in the auditor's report
- Identify what is not a type of auditor opinion included within Part 1 of the SFQC
- Describe examples of common reporting deficiencies
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Auditing (Governmental) (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Diane Edelstein
Diane E. Edelstein is a Senior Partner at Maher Duessel in Pittsburgh, PA and has over thirty years of experience in public accounting. Her entire auditing career has been of non-profits, governments and Single Audit.
Diane speaks throughout the country on Non-profit accounting and auditing and Single Audit. She was member of the AICPA NPO Planning Conference Committee from 2012 – 2017 and continued to speak at the annual conference through 2019.
Diane currently serves on the AICPA Peer Review Board – GCA PMTF (Government and Compliance Audits Practice Monitoring Task Force) and is a past member of the PICPA Professional Ethics Committee and the PICPA Peer Review Committee.