Performing Effective and Efficient Single Audits (4hrs)  

In this webinar you will learn the key responsibilities of the auditor including how to determine major programs. Special attention is given to common single audit deficiencies, best practices, efficient and effective methods to test internal controls and compliance requirements (including sampling techniques), and development of meaningful audit findings.

MAJOR TOPICS INCLUDE:

Review of fundamental requirements for single audits

Understanding the background of the single audit and current developments including the American Recovery and Reinvestment Act

Understanding the auditee and auditor responsibilities in preparing a complete and accurate schedule of expenditures of federal awards

Performing a risk-based approach to determine major programs

Designing effective and efficient methods to test internal controls and test compliance requirements that could have a direct and material effect on a major program