Introduction to Single Audit
Overview
Single Audits are a critical area of focus under the AICPA's Enhancing Audit Quality Initiative, requiring a thorough understanding of the Uniform Guidance's unique audit requirements for federal funds. This course examines the distinctive performance and reporting standards in Single Audits, equipping participants with foundational knowledge to navigate these complex audits effectively.
Key topics include an overview of internal controls over compliance, understanding compliance requirements, using the Compliance Supplement, and identifying the elements of a finding in a Single Audit. This course is ideal for professionals seeking a clear and practical introduction to the essentials of Single Audits.
Delivery Method: Individual webcast
CPE Credit: Auditing (governmental)
Program Level: Basic
Highlights
- Single Audit
- Accounting & Auditing
- Yellowbook
Prerequisites
None
Designed For
Accounting Professionals
Objectives
- Recall the unique auditing requirements in the Uniform Guidance
- Identify the requirements of major program determination
- Recognize when a single audit is required
- Identify the elements of a finding in a Single Audit
- Recall the reporting requirements for a Single Audit
- Identify internal controls over compliance
- Identify the compliance requirements in the Compliance Supplement
Preparation
None
Leader(s):
Leader Bios
Melisa Galasso, CEO, Galasso Learning Solutions
Melisa F. Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting.
Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI. She also supports essential professional development, audit level training, and train the trainer efforts.
Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers.
She also serves on the FASB's Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA's Board of Directors. She previously served on the AICPA's Technical Issues Committee (TIC) and is a past-Chair of the NCACPA's A&A committee. In addition, Melisa authors the AICPA's State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.
Melisa is a 2020 Enterprising Women of the Year Award recipient and was honored as a "40 under 40" by CPA Practice Advisor in 2017, 2018, and 2019. She was also named the 2019 Rising Star by her regional NAWBO chapter, received the Don Farmer award for achievement in technical content instruction, and earned several other awards for public speaking and technical training.
Prior to establishing Galasso Learning Solutions, Melisa worked in public accounting, industry, internal audit, and academia.
She received a Bachelor of Science in Business Administration with a concentration in Accounting and International Business from Georgetown University.
On a personal level, Melisa enjoys traveling, watching her daughter ride her horse, and spending quality time with family. She finds balance through yoga, is an avid reader, and frequents local performing arts shows. Melisa actively supports several causes that empower women.
Awards & Certifications
Certified Public Accountant, Licensed in Virginia and North Carolina
Certified Professional in Talent Development (CPTD)
Master Trainer™ Designation, Association for Talent Development
2019 Rising Star Award, National Association of Women Business Owners
Don Farmer Award (2016), NCACPA
40 Under 40 (2017, 2018, 2019), CPA Practice Advisor
50 Most Influential Women (2016, 2019), Mecklenburg Times
Outstanding Discussion Leader (2016, 2017, 2018), AICPA
5.0 Speaker (2015, 2016, 2017), NCACPA
Outstanding Professional Speaker (2019), NCACPA
Enterprising Women of the Year Award (2020)
Top 5 Under 35 (2016), VSCPA
Top 25 National Instructor (2015, 2016), Becker Professional Education
Women to Watch Emerging Leader (2013), NCACPA
Super CPA (2007), Virginia Business Magazine
Non-Member Price $109.00
Member Price $79.00