Home Free Single Audit Requirements Overview (CEU’s)

Single Audit Requirements Overview (CEU’s)

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Presenters: Joy Feige and Sarah Ridley, Eide Bailly

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Description

As a result of the CARES Act, many organizations will be subject to single audit for the federal assistance received. For some, this will be a new wrinkle in their existing single audits. However, for many, obtaining a single audit will be completely new and may seem overwhelming. This course will discuss the steps that organizations should be taking to prepare for a single audit. It will serve as a road map for organizations to follow to ensure they are prepared. This is intended to be a basic overview of single audit for organizations that are not familiar with single audit requirements and planning.

Learning Objectives:
  • Outline basic single audit principles
  • Review basic terminology and definitions
  • Identify single audit requirements
  • Outline how to prepare a Schedule of Expenditures of Federal Awards
  • Review the requirements for developing internal controls
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