Description

In this session, we will explore the reporting requirements under the Single Audit Act from both the auditee and auditor perspective. We will discuss how to present findings with the appropriate context to assist Federal agencies in assessing the impact on the program and the steps management is taking to correct the issue. We will discuss any new changes or things that we have seen in practice that cause challenges for organizations and auditors.

• 1) Learn about current reporting requirements under the Single Audit Act
• 2) Discuss best practices for reporting findings
• 3) Explore challenges to reporting under the Single Audit Act we see in practice and discuss ways to address these challenges

Speaker(s):

• Laurie A. De Armond, CPA, Managing Partner, BDO Institute for Nonprofit Excellence, BDO USA, LLP
• Divya Gadre, CPA, Audit Partner, BDO