Join us for this updated and refreshed Single Audit Fundamentals series developed by the Governmental Audit Quality Center (GAQC). This webcast series provides basic training for staff that are new to performing single audits or that just want a refresher and will serve as a strong foundational knowledge.
NASBA Field of Study
Thomas Sneeringer, Amanda Ward, Lindsey D. Oakley, Kimberly McCormick, Rachel Flanders
The GAQC has updated and refreshed its Single Audit Fundamentals series which provides basic training for staff that are new to performing single audits or that just want a refresher.
The COVID-19 pandemic has led to an influx of billions of dollars of federal funding to governments and not-for-profits, with many entities becoming subject to single audit requirements for the first time. Some auditors of those entities may not have performed a single audit before.
Register for the full series which includes all 4 parts, or sign up separately for one or more parts:
Part 1: What is a Single Audit? A Basic Background and Overview, provides background and context of a single audit engagement and helps participants differentiate these engagements from traditional financial statement audit engagements.
Part 2: Major Program Determination walks through the major program determination process to help beginners understand this critical part of performing a single audit.
Part 3: Compliance Requirements and Internal Control over Compliance focuses on the execution portion of a single audit including a discussion of the types of compliance requirements and internal control over compliance.
Part 4: Overview of Sampling and Single Audit Reporting Requirements delves into single audit sampling for beginners, as well as the concluding and reporting stages of a single audit.
The intent of this series is to provide a strong foundation on what a single audit is and the basics of performance without delving into the nuances of the COVID-19 funding which adds a level of complexity beyond the basics. Once staff is trained at a basic level, they can take advantage of other more advanced training that introduce COVID-19 concepts offered by the GAQC.
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