Applying the Uniform Guidance in Your Single Audits

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.

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

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

Designed For

Auditors performing single audit engagements, internal financial staff of governments, and not-for-profit entities interacting with auditors



Leaders

Jeanette Bax-Kurtz

Jeanette Bax-Kurtz is the Founder and Owner of Andern Consulting LLC. She works with tax exempt organizations including government districts, minority and family-owned businesses assisting them to navigate the changes and regulations to help their organizations build their legacies in this ever changing world. She was the past partner and Director of Not-for-Profit and Regulatory Services for Mueller Prost, which she coordinated the firm’s delivery of audit, tax and advisory services to tax exempt and other organizations, including not-for-profit, real estate, and healthcare industries. Her considerable knowledge base has been the source of assistance for many directors, trustees, government agencies, owners and consultants in solving challenges facing a dynamic environment.

Jeanette is a graduate of University of Missouri, St. Louis with a B.S.B.A. concentration in Accounting and a Minor in Mathematics. She has more than 30 years of experience in public accounting. Jeanette is a Certified Public Accountant in the States of Missouri, Illinois, and Nebraska. She is a member of the American Institute of Certified Public Accountants, Missouri Society of Certified Public Accountants.

Her focus on not-for-profit organizations and highly regulated industries makes Jeanette a sought-after educator and speaker. She frequently teaches courses for the AICPA and is a guest lecturer at various universities, CPA firms and other organizations.

In addition to her professional affiliations, Jeanette serves as a board member for Belleville Diocesan Finance Council, Brace for Impact 46, Pujols Family Foundation, Resourceful Living and Women of Wisdom. She also devotes a considerable amount of time to providing services and volunteering for a variety of tax-exempt organizations. Jeanette is a recipient of the Association’s Outstanding Facilitator Award