This Governmental Audit Quality Center (GAQC) archived web event titled, The Challenges of Loans and Loan Guarantees in a Single Audit, held on March 22, 2018, discusses an overview of the types of loans and provides a forum for a panel of practitioners to share their experiences and best practices when dealing with loans in single audits. Topics covered include:
Uniform Guidance requirements for loans, including how they affect major program determination and their presentation on the Schedule of Expenditures of Federal Awards
The notion of continuing compliance requirements and why it is important
Compliance testing considerations and commonly asked questions