This section of the Auditee Resource Center includes a number of tools, practice aids, and other resources produced by the GAQC that would be useful to recipients of federal assistance.
Preparing for Your Single Audit: An Auditee Perspective Web Event
Single Audit Fundamentals On-Demand Series
Subrecipient Monitoring: An Auditor and Auditee Perspective Web Event
Schedule of Expenditures of Federal Awards (SEFA) Practice Aids
Compliance and Internal Control over Compliance Practice Aids
Recovery Act Resource Center
Preparing for Your Single Audit: An Auditee Perspective Web Event. This archived GAQC event titled, Preparing for Your Single Audit: An Auditee Perspective, is intended to help auditees better understand the requirements of Office of Management and Budget (OMB) Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations (Circular A-133), and other reference documents (e.g., the various cost circulars), the various responsibilities placed on auditees, the importance of hiring a qualified auditor, and tips for preparing for a single audit. no continuing professional education (CPE) is available for listening to the archive of this event.
Single Audit Fundamentals On-Demand Series. This GAQC series of Web events titled, InSight: Single Audit Fundamentals On-Demand Series, focused in on single audit fundamentals and was intended to serve as basic single audit training for audit staff. The series was very well received and ultimately converted to self-study CPE that you can access form your desktop. While these courses are targeted to auditors performing single audits this series of four on-demand courses will also help auditees to better understand the single audit process. The courses are offered in an interesting and informative e-learning format that your staff can take advantage of right from their desktops. You can purchase the complete series or purchase each part individually. The four parts include the following:
- Part I: What is a Single Audit? A Basic Background & Overview
- Part II: The Mysteries of Major Program Determination
- Part III: Understanding and Testing of Controls and Compliance
- Part IV: Reporting Requirements and Available Resources
Access the purchasing information for the full series or individual parts.
Subrecipient Monitoring: An Auditor and Auditee Perspective Web Event. The purpose of this archived GAQC Web event is to help auditors and auditees understand the subrecipient monitoring requirements contained in Circular A-133. The presenters also focus on effective monitoring processes for entities subject to Circular A-133. Access this archived event. No CPE is available for listening to the archive of this event.
Schedule of Expenditures of Federal Awards (SEFA) Practice Aids. The SEFA, which is an auditee-prepared schedule, is an extremely important aspect of an auditee's responsibility when subject to a single audit. It is also a key document that the auditor uses to determine the appropriate scope of a single audit. Due to the importance of the role that auditees have in preparing the SEFA, the GAQC has developed two practice aids specifically directed at auditees as follows:
Worksheet for Identifying Federal Program Information: This Practice Aid is intended to assist the auditee in accumulating and documenting important information for each of its federal awards. This information should be provided to the auditor at the beginning of the single audit.
Auditee Disclosure Checklist for the SEFA: This Practice Aid is intended to assist auditees with preparing a SEFA that includes all of the elements required by Circular A-133.
Access the practice aids in either PDF or Word formats.
Recovery Act Resource Center
||Compliance and Internal Control over Compliance Practice Aids. The GAQC developed this practice aid 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. While this practice aid was developed with auditors in mind, the responsibility for establishing proper internal control over compliance is with the auditee. The practice aid includes a major program risk matrix; a comprehensive controls overview document; and a dual-purpose testwork illustration. In particular, the controls overview document may assist auditees in either designing or assessing their internal control over compliance. Access information to purchase the practice aid.
The GAQC Recovery Act Resource Center
is intended to provide a "one-stop" location for various GAQC Recovery Act communications, other related GAQC tools and resources, including archive Web events, and links to other Web sites that may provide information to assist in implementing Recovery Act guidance. While mostly directed at auditors, it also contains information that auditees may find useful. While the effect of the Recovery Act is less than it has been in prior years, much of the guidance that the GAQC has previously issued on this topic continues to be relevant.
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