Single Audit Fundamentals Part 1: What is a Single Audit?

Jul. 20, 11 am - 1 pm

Online

2.00 Credits

Member Price $0.00

Non-Member Price $0.00

Overview

This series is intended for staff new to performing single audits or those who need a refresher.

Once staff are trained at a basic level, they can take advantage of other more advanced training offered by the GAQC.

Part 1 walks through the basics of single audits:

The background and context of a single audit engagement

Tips for helping participants differentiate these engagements from traditional financial statement audit engagements

Responsibilities of auditees, auditors, and federal agencies

The GAQC will expand this series to four parts in 2026.

Highlights

Uniform Guidance

Single audit

Auditor and auditee responsibilities

Key players and federal agencies

Prerequisites

None

Designed For

Auditors performing single audits

Objectives

Identify the scope of the single audit and the OMB Uniform Guidance.
Identify fundamental auditee and auditor responsibilities found in the Uniform Guidance.
Identify the characteristics of federal awards.