Single Audit Primer – Video Course

Description

Single Audit Primer – Video Course includes an online video and a self-study manual for 2 hours of CPE credit.

The Single Audit (an audit of federal grants in compliance with the Uniform Grant Guidance) is part compliance audit and part financial audit.

Let Leita untangle the web of governance for federal grants and guide you through the steps of conducting the audit for a sample federal grant including researching the requirements of the grant, assessing inherent risk, refining the audit objective, applying the Green Book, choosing methodologies, and documenting your work.

Course objectives include:

• Detect weak and vague methodologies
• Identify the three subjects of a Single Audit
• Identify the basic questions that auditors seek to answer
• Cite the strengths and weaknesses in a given criteria
• Distinguish among the elements of a finding
• Identify the significant differences between a commercial financial audit and a Single Audit
• Identify which federal grant requirements can override other grant requirements
• Identify the requirements for gaining an understanding of an audit subject
• Recognize controls into the components of the COSO model of controls
• Distinguish between a control’s design and its implementation
• Apply the four basic steps of conducting a risk assessment to a compliance audit
• Note whether a finding follows the simple rules of logical organization of a finding

CPE Credit Hours: 2
NASBA Category of Study: Auditing (Governmental)
Program level: Basic
Prerequisites: None
Advance preparation: None
Who should attend: Auditors
Instructional method: Video with online quiz: QAS SS
Author: Leita Hart-Fanta, CPA, CGFM, CGAP

This course qualifies for Yellow Book CPE credit.

This course is also included in the Single Audit Bundle.

Questions? You can find our FAQ here.