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12:45pm - 01:35pm EDT - October 25, 2021

Monday
12:45pm - 01:35pm EDT - October 25, 2021 | Room: Rivoli C
Total Minutes: 50

This session will focus on the internal control requirements of the Uniform Guidance. From AICPA, Green Book, and the Uniform Guidance come the standards to be followed related to Internal Control in a Single Audit. In this session, we will explore all of the available guidance and discuss how it applies to the audit of Federal programs.



Objectives:
  • Recognize the requirements of UG related to understanding and documenting internal controls over compliance.
  • Recall the attributes of the COSO model.
  • Establish the fundamental understanding with a step by step approach to documenting internal controls in a single audit
  • Identify the impacts of COVID on Internal Controls in a Single Audit
01:55pm - 02:45pm EDT - October 25, 2021

Monday
01:55pm - 02:45pm EDT - October 25, 2021 | Room: Rivoli C
Total Minutes: 50

Building on the concepts learned in the previous Internal Controls in a Single Audit session, this session will focus on the process of identifying effective internal control over compliance and how the auditor decides whether a control is designed and implemented effectively.



Objectives:
  • Identify control objectives for each compliance requirement.
  • Analyze compliance processes and controls within processes.
  • Distinguish risks within processes ("what can go wrong" risks).
  • Determine whether controls have been placed into operation and are operating effectively.
03:45pm - 05:25pm EDT - October 25, 2021

Monday
03:45pm - 05:25pm EDT - October 25, 2021 | Room: Rivoli AB
Flo Ostrum, CPA, ​Speaker - Virtual; Thomas J Sneeringer, CPA; Teresa Bordeaux, CPA, CGMA, ​Speaker - Virtual
Total Minutes: 100

With complex rules and auditor judgment, determining your Major Programs is no easy feat. This session will discuss how to apply the Uniform Guidance risk-based approach to major program determination. We will go over using this approach to select major programs, including the impact of the new COVID-19 related federal programs, SEFA reporting, and other factors that impact major program determination.



Objectives:
  • Identify the critical components of the major program determination process
  • Recognize the more complex decision points
  • Determine the impacts of Federal funding and SEFA reporting on major program determination.
05:45pm - 06:35pm EDT - October 25, 2021

Monday
05:45pm - 06:35pm EDT - October 25, 2021 | Room: Rivoli AB
Tammie Brown, CPA, ​Speaker - Virtual; Mary Foelster, CPA, CGMA, ​Speaker - Virtual; Morgan Aronson, ​Speaker - Virtual
Total Minutes: 50



Federal agencies are busier than ever due to the historic federal funding distributed in response to the COVID-19 pandemic. Activities include administration and oversight of the funding. Hear from 2 federal agency representatives on related federal activities and views on single audits. Among the topics to be covered are: (1) the impact of the COVID-19 pandemic on single audits, (2) tips to auditors based on quality control and desk reviews of single audits, and (3) federal oversight activities of COVID-19 funding.



Objectives:
  • Recognize federal viewpoint on COVID-19 audit implications
  • Identify common quality issues in single audits
  • Indicate the latest single audit developments from federal regulators
10:00am - 10:50am EDT - October 26, 2021

Tuesday
A single audit isn't complete until the reporting package has been submitted to the Federal Audit Clearinghouse. This session will review the latest updates to the Data Collection Form (SF-SAC), the required contents of the reporting package, and common errors founding in prior submissions.


Objectives:
  • Identify the latest version of the single audit reporting package
  • Determine how to avoid common reporting package errors
11:10am - 12:50pm EDT - October 26, 2021

Tuesday
11:10am - 12:50pm EDT - October 26, 2021 | Room: Vendome B/C
Ms. Rachel Magdalena Stushek, CPA, ​Speaker - Virtual; Rachel Flanders, CPA, ​Speaker - Virtual
Total Minutes: 100

Sampling in a single audit can become complicated. This session will offer a review of single audit testing basics, which often includes sampling. Examples will demonstrate how the mixture of facts, decisions and auditor judgments all impact sampling.



Objectives:
  • Determine sampling considerations in a single audit.
  • Identify key underlying concepts to select a proper sample
01:10pm - 02:50pm EDT - October 26, 2021

Tuesday
01:10pm - 02:50pm EDT - October 26, 2021 | Room: Vendome B/C
Ms. Rachel Magdalena Stushek, CPA, ​Speaker - Virtual; Rachel Flanders, CPA, ​Speaker - Virtual
Total Minutes: 100

Sampling concepts learned in the previous sampling session will be expanded to real life situations auditors may encounter on a single audit. This session will include several different case studies to provide examples on how to apply sampling concepts and work through difficult and challenging issues when sampling in a single audit.



Objectives:
  • Determine auditor considerations related to population completeness, calculations of sample sizes, and risk.
  • Identify when sampling may not be appropriate for a population in a single audit.
03:50pm - 05:05pm EDT - October 26, 2021

Tuesday
03:50pm - 05:05pm EDT - October 26, 2021 | Room: Rivoli C
Total Minutes: 75



The world of single audits is more challenging than ever due to the historic amounts of federal funding that have been provided in response to the COVID-19 pandemic. Now is the time to make sure you are up-to-date as there are new programs, changing rules, and things are moving quickly. This session will help you understand the following: Key aspects of the 2021 Compliance Supplement; COVID-19 implications; and other single audit developments.



Objectives:
  • Distinguish key developments in single audits
  • Recognize how COVID-19 funding impacts your audits
  • Identify new COVID-19 programs and related challenges
05:25pm - 06:15pm EDT - October 26, 2021

Tuesday
05:25pm - 06:15pm EDT - October 26, 2021 | Room: Rivoli C
Total Minutes: 50
The federal government has provided various forms of relief in response to the COVID-19 pandemic, including significant federal financial assistance. The increased funding has created new challenges. Yet delivering high quality audits is still a priority during these challenging times. Join us as we explore complex single audit issues.


Objectives:
  • Identify the answers to challenging single audit questions
  • Discover single audit nuances through exploration of challenging areas
10:00am - 10:50am EDT - October 27, 2021

Wednesday
This session will identify the key audit finding elements once an exception or deviation has resulted in a reportable finding. We will explore how to properly classify, report, and communicate findings in accordance with requirements.


Objectives:
  • Identify how to report a finding under Uniform Guidance and Government Auditing Standards
  • Determine how to evaluate, classify, document and report single audit findings
  • Recognize how to avoid common reporting errors when encountering single audit findings
11:10am - 12:50pm EDT - October 27, 2021

Wednesday
The Federal government has established a number of COVID-19 relief grants, each with its own unique requirements. This session will provide an overview of some of the largest programs of the CARES Act (Coronavirus Relief Fund, Provider Relief Fund, Educational Stabilization Fund), the Consolidated Appropriations Act, and the American Rescue Plan Act. Topics covered will include applicable compliance requirements and suggested audit procedures from the OMB Compliance Supplement.


Objectives:
  • Identify the applicable compliance requirements for some of the largest COVID-19 relief grants
  • Indicate how to develop audit procedures to address relevant risks of noncompliance
01:10pm - 02:25pm EDT - October 27, 2021

Wednesday
01:10pm - 02:25pm EDT - October 27, 2021 | Room: Vendome B/C
Total Minutes: 75

Join us to explore the entirety of the OMB Compliance Supplement and understand not only how all the main parts fit together, but what can be found in the nooks and crannies of the appendices. Take a deep dive into each of the 12 compliance requirements. Discussions will include the intent of each, why it is important, and how to develop tests of compliance.



Objectives:
  • Identify the various parts of the compliance supplement and how they must be used together.
  • Recognize the available information and how this information can assist in your single audit work.
  • Recognize the compliance requirements and form an appropriate audit plan.