Single Audit Update: What to Know and How to Prepare
Author: Clark Nuber, Troy Rector, Kelly Rancourt
| CPE Credit: |
2 hours for CPAs |
Single Audit engagements continue to be challenging as the Federal pandemic funding has flowed throughout the past year. Proposed updates to the Yellow Book and a Uniform Guidance update process 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 what will be the focus of your auditors.
Publication Date: June 2023
Designed For
Auditors performing single audits subject to the Uniform Guidance.
Auditees subject to single audits.
Topics Covered
- Single Audit Data — What the #'s Tell Us
- Federal Program Developments
- 2023 OMB Compliance Supplement
- Single Audit Updates and Reminders
- Single Audit Quality
Learning Objectives
- Describe key concepts included in the 2023 OMB Compliance Supplement
- Identify the continued impact of Federal pandemic funding on Single Audits
- List proposed changes to the Yellow Book and where the OMB is at in updating the Uniform Guidance
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Auditing (Governmental) (2 hours)
Program Prerequisites
Prior experience with Single Audits
Advance Preparation
None
