Part 1 of this Single Audit fundamentals series provides background and context of a single audit engagement and helps participants differentiate these engagements from traditional financial statement audit engagements.
*Identify The scope of The single Audit and The OMB Uniform guidance *Identify fundamental auditee and Auditor responsibilities found in The Uniform guidance *Identify The characteristics of federal awards
• Introduction to single audits
• identifying federal financial assistance
• understanding The single Audit Act and The Relationship with The OMB Uniform guidance
auditors of nonprofits and state and local governments subject to single audit