Addressing Single Audit Quality In A Covid-19 Era

Megan Angle

Porte Brown

  • CFE
  • CGAP
  • CPA

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

The topic is also scheduled as live webinar on the following dates

May 27, 2021 | 09:30 AM EDT Register

Overview

  • A Quick History
    5 mins
  • Common Findings on Single Audits
    12 mins
  • Documentation
    45 mins
  • Competence
    70 mins
  • OMB 2020 Compliance Supplement Addendum
    94 mins
  • Challenges to Single Audit Presented by COVID-19
    111 mins
  • Covid-19 Challenges - Testing
    141 mins
  • Planning and Risk Assessment
    172 mins

Course Description

In the United States, the Single Audit, Subpart F of the OMB Uniform Guidance, is a rigorous, organization-wide audit or examination of an entity that expends $750,000 or more of federal assistance (commonly known as federal funds, federal grants, or Federal awards) received for its operations. Usually performed annually, the Single Audit's objective is to provide assurance to the US federal government as to the management and use of such funds by recipients such as states, cities, universities, non-profit organizations, and Indian Tribes. The audit encompasses both financial and compliance components. 

COVID-19 has had an impact worldwide, and Single Audits are not any different.  From new government funding to Addendums to the Compliance Supplement and the added challenge of working in more remote setting, adhering to audit quality on Single Audits is more of a challenge now than ever before.  

Key topics: 

In this CPE webinar, Megan will walk through the following: 

  • The effect of the pandemic on single audits
  • The key changes and important updates from the compliance supplement addendum 
  • Address how to ensure your Single Audits are able to be both Efficient and Effective amidst the COVID-19 pandemic. 

Who should attend:

This CPE webinar is suitable for an independent certified public accountant (CPA) who are new to Single Audit or who undertake Single Audit tasks currently and want to update their knowledge and skills. 

Learning Objectives

  • To identify key considerations for conducting an effective single audit from planning to performance and through wrap up
  • To review the impacts of COVID-19 on efficiencies and effectiveness
  • To gain a familiarity with the 2020 Compliance Supplement and Addendum

Who Should Attend?

  • Auditors
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Government Contractor
  • Young CPA