Governmental Accounting and Auditing Update: Single Audit Update
Author: Kurt Schlicker
| CPE Credit: |
2 hours for CPAs |
Federal grant awards have had major changes over the past few years not only due to the Coronavirus pandemic and the massive infusion of federal funds, but also OMB Compliance Supplement and Uniform Guidance changes. Hear the latest issues involving the Single Audit in preparation for your current audit.
Prior to the course, please Download OMB Compliance Supplement and Uniform Guidance.
Publication Date: October 2022
Designed For
Auditors and recipients of federal awards and preparers of the Schedule of Expenditures of Federal Awards.
Topics Covered
- New Federal Legislation
- 2022 OMB Compliance Supplement
- COVID-19 Common Significant Risks and COVID-19 Common Deficiencies
- Uniform Guidance Changes
- SEFA Best Practices
Learning Objectives
- Recognize the changes made in the most recent OMB Compliance Supplement
- Recognize the changes made in the update to the Uniform Guidance
- Identify how to have a plan to properly prepare the Schedule of Expenditures of Federal Awards
- Identify the program that appropriated approximately $2.2 trillion in funding
- Identify the program that provided for a 6.2% increase in Medicaid FMAP
- Identify the program that provided for keeping workers paid, health care system enhancements, and economic stabilization
- Identify the program that extended the Coronavirus Relief Fund period of performance
- Identify the Subpart that relates to Pre-Federal Award Requirements and Contents of Federal Awards
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Accounting (Governmental) (1 hour), Auditing (Governmental) (1 hour)
Program Prerequisites
Basic Knowledge of Single Audit.
Advance Preparation
None
