ACPEN Signature 2024: Single Audit and Uniform Guidance Issues Update

Overview

If you thought applying one set of audit standards is tough enough, how about applying three different sets of audit standards in one “single” audit?  That’s exactly what happens when the auditor applies GAAS, the Yellow Book and the OMB requirements in a Single Audit.  This session will start with a single audit “nuts and bolts” overview before delving into unique aspects and audit issues of the era of pandemic-related funding, and of course the new funding related to the Infrastructure and Investment in Jobs Act, or IIJA.  Join our expert panel of federal, state and local auditors and practitioners, along with a representative of a large Federal Agency to learn what you need to know if you are performing audits under these audit standards and the Uniform Guidance for Federal Awards.  

Highlights

• Single Audit nuts and bolts discussion
• Overview of the GAO’s Fraud Risk Management Framework and the importance of fraud risk in a Single Audit
• Specific audit issues arising related to Pandemic and Infrastructure funding programs
• Review of unique elements of the 2024 Compliance Supplement (assuming it is out by then)
• Proposed changes to specific Uniform Guidance rules and regulations

Prerequisites

None

Designed For

All Auditors of governmental entities

Objectives

• Examine the single audit “nuts and bolts” overview 
• Dive into unique aspects and audit issues, including single audits in the era of pandemic-related funding

Preparation

None

Notice

This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by Accounting Continuing Professional Education Network (ACPEN).