Many auditors will have to audit one or more programs from the U.S. Department of Treasury in 2022, such as the Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) and Emergency Rental Assistance (ERA). These programs went to over 30,000 state and local governments, and tribal entities--though those recipients could potentially pass the funding down to not-for-profits or even for-profit entities. Adding to the challenge is that many small local government recipients of this funding have not had to undergo an audit of federal financial assistance in the past. This session is intended to help auditors having to address this program in their single audits.
Identify how Treasury Programs affect single audits.
Analyze auditor considerations and challenges and take appropriate action.
Apply best practice tips and resources to achieve a quality single audit.