Testing of Internal Control and Compliance in a Single Audit: Part 1

OMB Circular No. A-133 requires auditors to document and test the internal controls over compliance as well as testing compliance itself. This session will detail the support for these testing requirements as well as review some strategies for testing, including documentation templates developed by the AICPA’s GAQC (continued in Session 39). Part 1 will cover:

• Determining direct and material compliance requirements
• Specific requirements in the circular for testing both internal control and compliance
• Templates for documenting internal control testing