Numerous organizations have received federal funding in response to the COVID-19 pandemic, infrastructure legislation, or from other federal funding sources. In many cases, these organizations must have a single audit for the first time.
If you are an auditor who has been engaged to perform a single audit, use this AICPA Governmental Audit Quality Center (GAQC) checklist to help you prepare for an effective and high-quality audit. The checklist goes over the important items to keep in mind as you plan and perform the single audit, such as engagement acceptance and planning of single audit engagements, understanding the scope of the audit, performing the testing, reporting on the audit results, and pointing you to other related resources.