This Governmental Audit Quality Center (GAQC) archived Web event titled, Single Audit Fundamentals Part 3: Compliance Requirements and Internal Control over Compliance, held on August 27, 2020, focuses on the types of compliance requirements considered in a single audit and the related internal control over compliance. It is intended for staff new to performing single audits or those that just need a refresher. The basics of audit performance are covered without delving into the nuances of COVID-19 funding. Once staff are trained at a basic level, they can take advantage of other more advanced training that introduce COVID-19 concepts offered by the GAQC. This third part of the four-part series covers:
An introduction to the annual Office of Management and Budget Compliance Supplement.
Determining the compliance requirements subject to audit and then understanding and testing those requirements.
The Uniform Guidance requirements for testing internal controls and the importance of strong audit documentation.