Be prepared for the responsibilities of planning, directing, and reporting on a single audit engagement conducted under the Uniform Guidance. This course gives you insights into key issues that are not covered in other courses, with an emphasis on advanced topics that require particular attention. Case studies are provided to highlight key compliance audit requirements and to help put the guidance into practice.
- Auditors responsible for planning, directing, and reporting on single audits
When you complete this course you will be able to:
- Assess risk when planning a compliance audit of federal awards.
- Evaluate whether the requirements related to the Schedule of Expenditures of Federal Awards (SEFA) have been met in your audit engagement.
- Evaluate whether major federal programs to be audited have been appropriately identified.
- Interpret the requirements for understanding internal control, assessing the level of control risk, and testing the effectiveness of internal control relative to federal awards.
- Interpret and evaluate the reporting requirements of a single audit.
- Interpret and evaluate guidance regarding sampling in a compliance audit.
- Identify considerations related to pass-through entities.
- Planning the compliance audit and other risk assessment considerations
- Required elements of the SEFA
- Major program determination process, including the considerations of clusters, loans, and loan guarantees
- Considerations when assessing and evaluating internal controls over compliance
- Evaluating and reporting on applicable compliance requirements related to compliance testing
- Considerations of pass-through entities and subrecipients
- Audit sampling in a compliance audit
- Advanced audit reporting issues
- Download PDF manual - view your upcoming events in "My CPE" on website
- Review ISCPA Parking Map - found in your email confirmation
Bruce Shepard, CPA Las Vegas, Nevada Bruce Shepard was most recently an assistant professor of accounting at George Fox University and an adjunct professor of accounting at the University of Oregon, prior to becoming an instructor for the AICPA in 2012.
From 2006-2010, Mr. Shepard was the Chief Financial Officer of Las Vegas Gaming, Inc. in Las Vegas, Nevada, where he had full management responsibility for all financial affairs, daily business operations, administration and human resources.
From 1985-2006, Mr. Shepard was in charge of the Middle Market Practice for PricewaterhouseCoopers, LLP in Portland, Oregon, where he served as an Assurance Partner from 1989-2006 focusing on providing proactive business advisory services to fast-growing companies. At PricewaterhouseCoopers, LLP, Mr. Shepard spearheaded over 100 acquisitions and divestitures by leading in the financial structuring and negotiations. He worked with clients to develop strategic plans for short-term and long-term growth. He assisted both start-up companies and beyond start-up companies with attaining their needed growth capital.
Mr. Shepard wrote an article, Financing Entrepreneurs, in 1999 for the Oregon Society of Certified Public Accountants. Mr. Shepard was awarded "Beta Alpha Psi Professional of the Year" in 2006 for sustained involvement with the University of Oregon.