Error loading player: No playable sources found
NOT2026
How to Use the New Compliance Supplement - Part 6, Internal Control: Part I
Date
June 23, 2020
$49
Standard Price
This product is also available as part of the following products:
This includes sessions from the conference: AICPA Not-for-Profit Industry Conference 2020
The Office of Management and Budget (OMB) introduced a new Part 6 - Internal Control for single audits and this session will review the updated guidance in the supplement and help auditors learn how to use it effectively.
Learning Objectives
- Distinguish between entity level controls and specific controls
- Understanding similarities and differences in controls across major programs and across Direct and Material compliance requirements
Speakers
CPA, N/A
Partner, Plante Moran
General
Session Categories
Related Products
Yellow Book Independence for Not For Profit
Independence is a rapidly evolving, complex, and nuanced area. In this session, we will provide an overview of independence requirements for audit clients including discussion of AICPA independence standards and impact of the 2018 GAO Yellow Book…
Auditing Indirect Cost in a Single Audit
The session will help you understand the different types of rate agreements and the risks associated with each type of rate. In addition, it will give you a better perspective on the best and most practical approach for auditing indirect costs under the single audit…
COVID-19 Impact on Audits - Lessons Learned and to be Remembered
This session will address matters encountered by auditors when performing audits in an environment of travel restrictions and social distancing, including the after effects of the COVID-19 pandemic…
Moving the Needle on Single Audit Quality: Part II
Single audits, as conducted by CPAs, are constantly being reviewed by peer reviewers and regulators. The results of these reviews still indicate a high rate of quality issues in the compliance audit sections, such as, poor documentation, sampling errors, incorrect major-program-determination, etc…
