We continue our interactive primer on performing a single audit (see part 1 description). The information and instruction provided in this session draw from the revised single audit guidance published by OMB December 26, 2014 (Uniform Guidance for Federal Awards), effective for years beginning on or after December 26, 2014.
Understand what is involved in identifying and testing compliance requirements in a single audit. Perform a key part of the compliance audit - gaining an understanding of, assessing, and testing internal control over compliance. Use available resources to your advantage to perform a quality single audit.