This Audit Risk Alert is designed to help you identify significant risks that may affect an audit of entities receiving federal awards that is performed in accordance with Government Auditing Standards and OMB Circular A-133.
You’ll find a discussion of the impact of the OMB Uniform Guidance for Federal Awards on a single audit, and what that means to the auditor. Other topics include issues you may face in your current audits, and a look at what’s in the pipeline that may affect your engagements.
Explores the highlights of the Uniform Guidance for Federal Awards issued by OMB in December 2014.
An update on the recent changes regarding Federal Audit Clearinghouse submissions.
Provides an update of developments related to Government Auditing Standards, including recent changes in peer review levels of reporting.
In-depth discussion of the guidance found in SAS No. 128.
Highlights frequent violations relating to single audits identified by the AICPA Peer Review division.
You’ll get the latest information on emerging practice issues and current developments, allowing you to perform high quality single audits with confidence
Who Will Benefit:
This resource will assist accounting firms of all sizes, as well as not-for-profit entities and other entities receiving federal funds subject to a single audit, in identifying and understanding current developments and emerging practice issues related to their engagements.
This product is also available in a discounted bundle, along with the corresponding Government Auditing Standards and Circular A-133 Audits - Audit Guide, in the Online Subscription format. This format includes content updates and unlimited online access for 1 year. Click the link above and select the Online Subscription option at the bottom of that page and save!