GAQC member only events are held periodically, at no cost to members, and feature topics to assist you in ensuring governmental audit quality. Registration and information on upcoming events are announced via GAQC Alerts
. Click on the below OMB Circular A-133 (Single Audit) subject areas access the latest archived Web events:
NEW Audit Quality Discussion Part II: Avoiding Common Deficiencies in Yellow Book and Single Audits
This GAQC archived Web event is intended to remind auditors about the importance of continually making audit quality a practice focus, especially in audits of specialized areas like audits under Government Auditing Standards
(referred to as the Yellow Book) and single audits, and to communicate deficiency areas that we understand can be problematic in practice.
Uniform Guidance for Federal Awards: How Clients will Need to Monitor Subrecipients Going Forward
This GAQC archived Web event is intended to provide auditors and auditees with an understanding of the key provisions relating to pass-through entities and subrecipients contained in OMB Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
Uniform Guidance for Federal Awards: The New Cost Principles, Time and Effort Reporting, Procurement and Other Administrative Requirements
This GAQC archived Web event is intended to provide auditors and auditees with an understanding of some of the key changes to the cost principles and certain other administrative requirements that will result upon the effective date of the U.S. Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
2014 OMB Compliance Supplement and New Uniform Grant Guidance Key Points
This Governmental Audit Quality Center (GAQC) archived Web event is intended to provide members with what they need to know about the changes to the 2014 Compliance Supplement (Supplement) for this upcoming year's single audits. Additionally, it will provide key insights on the new Uniform Grant Guidance and how it will affect future single audits.
Testing and Documenting Internal Control Over Compliance in a Single Audit: Getting It Right
This GAQC archived Web event is intended to provide members with an understanding of how to correctly test and document internal control over compliance in a single audit. This event will also walk participants through the testing and documentation process for internal control over compliance using a case study and the GAQC Practice Aid titled, Documenting and Testing Compliance and Internal Control Over Compliance in a Single Audit.
The New Data Collection Form and Important Clearinghouse System Changes
This GAQC archived Web event is intended to provide members with information about the new Data Collection Form to be issued by the Office of Management and Budget in October/November 2013. This event will also provide information about changes to the DCF submission process via the Federal Audit Clearinghouse Website expected on October 7, 2013.
The 2013 OMB Compliance Supplement and Proposed Single Audit Reforms
This GAQC archived Web event will is intended to provide members with key insights on the latest single audit activity such as, the 2013 OMB Compliance Supplement, OMB proposed changes to Circular A-133, and other key grant-related requirements contained in the OMB cost circulars and administrative requirements. Participants will hear from presenters who have first-hand experience with the Supplement and have been involved in the GAQC’s efforts to comment on the proposed reforms.
Improve Your Understanding of Sampling in a Single Audit Environment
If you perform single audits under Circular A-133, then you already know how complicated sampling in a single audit environment can be. This archived Web event will briefly review single audit sampling basics, then presenters use multiple examples and illustrations to demonstrate how various decisions and judgments affect the auditor’s sampling approach. You’ll learn tips and techniques for planning and performing audit sampling procedures for maximum effect.
Auditing the Head Start Program as Part of Your Single Audit: Avoid Common Pitfalls
If your single audits include the Head Start cluster (CFDA Nos. 93.600, 93.708, and 93.709) as a major program, this archived event is a “must participate” for you and your staff. The Department of Health and Human Services’ Office of Head Start and the GAQC co-sponsored this archived Web event to assist auditors in understanding the Head Start program and how to audit it in a single audit.
Understanding Indirect Cost Rates: A Primer for Auditors Performing Single Audits
The purpose of this archived Web event is to help shed some light on this topic by providing an overview of the indirect cost rates that must be tested by auditors as part of a single audit under Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations.
2012 OMB Compliance Supplement and Related Best Practice Tips
The purpose of this archived web event is to provide participants with an overview of important information in the 2012 Office of Management and Budget (OMB) Circular A-133 Compliance Supplement (Supplement). It will also provide you with tips for ensuring that your firm is avoiding common pitfalls associated with using the Supplement.
Subrecipient Monitoring: An Auditor and Auditee Perspective
The purpose of this archived Web event is to help members understand the subrecipient monitoring requirements contained in OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, from both the auditee and auditor perspective.
Effect of SAS 119 on the Work Associated with the SEFA
The purpose of this archived Web event is to inform members about updates to Schedule of Expenditures of Federal Awards (SEFA) practice aids and walk members through each of the practice aids. This archived event will be of interest to our members whose practices include single audits.
An Overview of the 2011 OMB Compliance Supplement
The OMB Cost Principles and Their Relevance to Your Single Audits
The purpose of this archived GAQC Web event is to provide participants with an overview of what you need to know about the 2011 Office of Management and Budget (OMB) Compliance Supplement. The Compliance Supplement identifies the existing important compliance requirements that the federal government expects to be considered as part of a single audit.
This archived Web event will provide an overview of the OMB cost principles relevant to recipients of federal awards and how these cost principles affect your single audits and should be of interest to both staff that are newer to single audits and those with experience that are looking for a refresher on the cost circulars and how they affect your single audits.
Walking Your Way Through the AICPA's Audit Guide for Performing Yellow Book and Single Audits
This archived Web event will provide participants with a basic overview of performing audit engagements using yellow book and single audits. Participants will learn about the various types of information contained in the AICPA Audit Guide, Government Auditing Standards and Circular A-133 Audits
and how to use it more effectively.
Internal Control over Compliance: Getting it Right Using the GAQC Practice Aids
This archived web event discusses the OMB Circular A-133 requirements over compliance and internal control over compliance. Additionally, the event will thoroughly review the GAQC Practice Aids designed to assist auditors in understanding the procedures to be performed and the related auditor documentation in a single audit when gaining an understanding of internal control over compliance and testing compliance and internal control over compliance.
Single Audit Fundamentals—A Four Part Series
This four part series of web events, available both for continuing professional education (CPE) or with a No CPE Option, is intended to focus in on the fundamentals of single audits. It will help staff understand what single audits are and allow them to get the answers to some commonly asked questions. It should be of interest to firms with staff that are new to performing single audits or more seasoned staff that just need a refresher.
AICPA's New Guidance on Sampling in a Single Audit Environment
The purpose of this event is to further enhance your knowledge about the new sampling Chapter in the 2009 GAS A-133 Guide.
Gaining a Strong Foundation in General Financial Statement Audit Sampling
The purpose of this event is to help members better understand the foundational aspects of sampling in a financial statement audit environment. It is a precursor to the previous event on sampling in a single audit environment.
The New Data Collection Form & Electronic Submission Process
This event provides an overview of both the changes made to the 2008 - 2010 Data Collection Form and the new electronic submission process.
Preparing for Your Single Audit: An Auditee Perspective
This event is primarily intended to help clients better understand the requirements of the Single Audit Act and Office of Management and Budget (OMB) Circular A-133, Audits of States, Local Governments, and Nonprofit Organizations (Circular A-133), the various responsibilities placed on auditees, and tips for preparing for a single audit. While educating auditees is the primary goal of this call, auditors may also find it beneficial as a refresher.
Sampling in a Single Audit Environment
This event is designed to focus on the unique aspects of audit sampling in a single audit environment for your 2008 single audits and to help members avoid the audit quality deficiencies noted in the federal study on single audit quality.
An Overview of the Results of the National Single Audit Sampling Project
The federal study on the quality of audits performed under Office of Management and Budget (OMB) Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, was released on June 22, 2007. This event will help you in understanding the results of the study and determining whether any of the deficiencies cited in the report may impact the planning of your future engagements or your current audit methodologies and documentation practices.
Avoiding the Most Common Single Audit Deficiencies
This event will focus on the most common single audit deficiencies and provide training suggestions, guidance, and resources available to prevent the deficiencies. Single audit quality is regularly being scrutinized and from feedback, we have identified some of the most common OMB Circular A-133 audit deficiencies.
Evaluating and Reporting Audit Findings
This event will help you determine what findings need to be reported, where they need to be reported, and the appropriate format of the finding write-ups under Government Auditing Standards and Office of Management and Budget (OMB) Circular A-133. These areas are often cited by federal audit quality control reviews as needing improvement.
We welcome your feedback and suggestions for future conference call topics, please send them via e-mail.