This course is an updated overview of the single audit of state and local governments and not-for-profit organizations under the OMB Unified Circular, as well as the applicable AICPA standards for compliance audits.
Product Code
1000005106-141203
Credit Type
CPE: 8
CPE-AA: 8
CPE-GT: 8
CPE-Technical: 8
CPE-YB: 8
Intended Audience
CPAs and other financial professionals preparing the type of work described.
NASBA Field of Study
Accounting (Governmental)
Auditing (Governmental)
Level of Difficulty
Intermediate
Prerequisites
none
Advance Preparation
None
Learning Objectives
To enable participants to understand and apply the provisions of the OMB Unified Circular and the applicable AICPA standards
Major Subjects
Introduction
Applicable AICPA standards
Applicable OMB Circular
Gathering information - determining the major programs
Identifying risk – identifying the applicable compliance requirements
Assessing risk – considering the internal controls over compliance requirements
Designing procedures that are responsive to assessed risks – the tests of internal controls and compliance