Fully updated for the OMB Uniform Guidance for federal awards!
This guide is an indispensable resource for auditors performing audits of financial statements in accordance with Government Auditing Standards (Yellow Book) and OMB compliance audits. Use this valuable tool to assist in dealing with the special considerations required in a single audit.
This edition, updated as of February 1, 2015, provides up-to-date information regarding performing a single audit, including example auditor reports for both the financial statement audit and the OMB compliance audits. This year’s edition contains guidance on performing a compliance audit under Circular A-133 (Part II) and, in addition, a compliance audit under the Uniform Guidance (Part III).
Understand the complexities of Government Auditing Standards including the requirements related to auditor independence.
Understand the OMB guidance regarding compliance audits performed under the Uniform Guidance.
Provides detailed information on all aspects of performing a Uniform Guidance compliance audit, including the determination of major programs as revised by the Uniform Guidance.
Identify important transition considerations affecting upcoming compliance audits performed both Circular A-133 and the Uniform Guidance.
Fully updated for the OMB Uniform Guidance
Who Will Benefit?
Auditors and management of entities that receive federal awards
AICPA and GASB Government Standards Set [Subscription]
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