Sampling for Single Audit (Currently Unavailable)

Author: Diane Edelstein

A Single Audit necessitates sampling for both internal controls and compliance testing. We will look at the steps in the sampling process as well as determine the correct sample size in a single audit.

Publication Date: February 2022

Designed For
null

Topics Covered

• Uniform Guidance - Overview
• Sampling In a Uniform Guidance Compliance Audit
• Sample Worksheet - Internal Control Documentation
• Sample Worksheet - Compliance Documentation

Learning Objectives

• Recognize the difference between financial statement testing and compliance testing
• Recognize the difference between sampling internal controls over compliance and sampling for substantive test of compliance
• Recognize the different sampling tables in the Audit Guide and how to use them
• Identify the steps in the sampling process
• Describe the required documentation in a sampling test
• Identify the subpart of the Uniform Guidance that relates to cost principles
• Recognize what is not one of the accepted compliance testing approaches
• Identify the sample size for populations >250 when there is moderately significant and limited inherent risk
• Identify the minimum sample size for populations <250 when the control is performed weekly

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Auditing (Governmental) (2 hours)

Program Prerequisites
None

Advance Preparation
None