When you complete this webcast, you will be able to:
-Analyze the relationship of the Single Audit Act and the OMB Uniform Guidance.
-Identify fundamental auditee and auditor responsibilities related to a compliance audit of federal awards.
-Determine major federal programs.
-Determine the requirements of the single audit as it relates to understanding internal control, assessing the level of control risk, and testing the effectiveness of internal control relative to federal awards.
-Identify the single audit requirements for testing compliance with federal statutes and regulations and the applicable compliance requirements relative to major federal programs.
-Select reporting requirements.
-Identify the audit and reporting requirements for program-specific audits.
-Apply the types of guidance and requirements found in the Uniform Guidance, including cost principles for federal awards.