Avoiding Problems in Conducting Single Audits
Cover the problems that the Federal Offices of Inspector General noted when it reviewed single audits. Engage in a discussion about techniques for addressing those issues.
The Single Audit Act of 1984, as amended, requires a single, organization-wide financial and compliance audit for state and local governments. The goal is to improve auditing and management of federal funds provided to state and local governments.
- Federal OIG concerns about single audits.
- Assessing internal controls when auditing grant compliance.
- Federal grant rules and expectations for audit findings.
- Sampling problems.
- Determine how to implement the COSO framework when auditing grant compliance.
- Recognize the rules that govern federal grants.
- Identify federal expectations for finding development.
- Identify the interests of the federal OIG.
CPAs and auditors.
Applicable if you are a HSCPA member in good standing.
Applicable if you are not a HSCPA member.