Evaluating Findings and Reporting in a Single Audit

Get single audits done right

With the addition of historic amounts of federal pandemic funding into the single audit pipeline, federal agencies are relying on single audits more than ever to oversee the spending of these funds.

This Governmental Audit Quality Center (GAQC) web event focuses on the importance of evaluating findings and reporting in a single audit.

Getting your findings right and issuing correct reporting is more important than ever. Consider:

• Do you know what audit findings are required to be reported under the uniform guidance?
• What are your responsibilities as an auditor related to prior-year audit findings?
• What are your responsibilities as an auditor when the auditee discovers additional federal funding that should have been reported on the schedule of expenditures of federal awards?

In addition to answering these questions, this webcast will provide information on:

• How to evaluate and report single audit findings
• The requirements for addressing prior-year findings
• Common single-audit reporting issues
• What to do if you have to reissue a prior-year report

Key Topics

• Single audit findings
• Best practices and practical tips for evaluating and reporting single audit findings
• Reissuing single audit reports

Learning Outcomes

• Identify single audit findings.
• Apply the Uniform Guidance reporting requirements for audit findings.
• Analyze common single audit reporting issues.
• Determine single audit quality best practices for evaluating and reporting audit findings.

Who Will Benefit

Auditors performing audits under Government Auditing Standards Auditors of not-for-profits Auditors of state and local governments