Applying the Uniform Guidance in Your Single Audits - Virtual Experience -

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  • Date/Time
    • Jun 25, 2021
    • Sign In: 7:45am (MT)
    • Program: 8:00am - 3:45pm (MT)
    • Add to Calendar
  • Location
    • Your Computer
      Your Space
      ISCPA Webinar, ID 00000
  • Credits
    • 8.00
  • Credit Type(s)
    • Auditing - Governmental (8.00)
  • Prerequisites
    • Background of not-for-profit or governmental accounting and auditing

  • Vendor
    • *** ISCPA ***
  • Level
    • Intermediate
  • Fields of Study
    • Accounting & Auditing
    • Auditing
    • Government A & A
    • Accounting (Governmental)
    • Auditing (Governmental)
    • Yellow Book
  • Message
    • Webinar - Viewing From Computer

Description

This course provides you with the knowledge to be more efficient and effective at planning and performing audits in accordance with the requirements of the Uniform Guidance and the Single Audit Act. Make sure your skills are up-to-date with the latest information in this challenging audit area.

  • Qualifies as Yellow Book CPE

Designed For

  • Auditors performing single audit engagements, internal financial staff of governments, and not-for-profit entities interacting with auditors
  • Qualifies as Yellow Book CPE

Objectives

  • Analyze the relationship of the Single Audit Act and the OMB Uniform Guidance
  • Identify the types of guidance and requirements found in the Uniform Guidance
  • Identify fundamental auditee and auditor responsibilities related to a compliance audit of federal awards
  • Determine major federal programs
  • Determine the requirements of the single audit as it relates to understanding internal control, assessing the level of control risk, and testing the effectiveness of internal control relative to federal awards
  • Identify the single audit requirements for testing the direct and material compliance requirements for major programs
  • Determine reporting requirements
  • Identify the audit and reporting requirements for program-specific audits
  • Highlights

  • Introduction to single audits
  • Preparation of the schedule of expenditures of federal awards and determining major programs
  • Understanding, assessing and testing internal control
  • Testing compliance with federal statutes and regulations and applicable compliance requirements
  • Auditor reporting in a Uniform Guidance compliance audit
  • Program-specific audits
  • Administrative requirements and cost principles in a single audit
  • Update on Government Auditing Standards, 2018 Revision
  • Advanced Prep

    • Download PDF manual - view your upcoming events in "My CPE" on website
    • Test your computer/device for compatibility with virtual meeting space well in advance of your webinar

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    Or In Person

    Leaders

    Jeffrey Lieman

    Jeff Lieman

    Jeff Lieman currently heads his own consulting firm in Owings Mills, Maryland. He provides consulting services, contractual assistance services, and training to CPAs, their firms and their clients on matters related to US and International accounting principles, auditing standards, governmental auditing standards, and business planning services.

    Jeff’s previous experience included serving as the Chief Financial Examiner for the Maryland Insurance Administration and being a Director for Ellin & Tucker, Chartered. As the Chief Financial Examiner, Jeff was responsible for the solvency examination of the Maryland domestic insurance companies. While Jeff was a Director for Ellin & Tucker, Chartered, he developed two new niche areas for the firm and supervised numerous audit service engagements. Jeff trained staff in many areas of accounting, administration and consulting and provided training services on a nation level to other organizations.

    He reviewed numerous accounting systems and assisted in the selection and implementation of automated systems, helped develop policies and procedures for technology usage, work paper development, administrative procedures and other office policies, and also provided Peer Review Services (SEC section). Jeff also served as a senior manager with KPMG/Baltimore. At KPMG he maintained client relations, marketed audit, tax and consulting services, and managed audit related services for publicly traded and privately held entities.

    His clients have included real estate ventures, printing and publishing companies, electronic manufacturers, wholesale distributors, retail stores, financial institutions, construction contractors, Governmental units, and various nonprofit organizations.

    Mr. Lieman has been a national trainer for KPMG where he developed training materials for staff and instructors and is recognized nationally as a lecturer for various accounting, auditing and technology topics and has been quoted in various trade journals. He was elected Chairman of the Year by the Maryland Association of CPAs for chairmanship of the Computer Recourses Committee.

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