57. Telling a Story: Single Audit Reporting

Yellow Book
Field of Study: 
Auditing (Governmental)
CPE Credit: 
Knowledge Level: 
Advanced Preparation: 
Basic knowledge of not-for-profit operations, auditing, accounting and/or compliance requirements. General experience working in, or auditing, not-for-profits, including those NFPs audited under GAGAS.

Wednesday, June 20, 2018

In this session, we will explore the reporting requirements under the Single Audit Act from both the auditee and auditor perspective. We will discuss how to present findings with the appropriate context to assist Federal agencies in assessing the impact on the program and the steps management is taking to correct the issue. We will discuss any new changes or things that we have seen in practice that cause challenges for organizations and auditors.

Learning Objectives:

  • Learn about current reporting requirements under the Single Audit Act
  • Discuss best practices for reporting findings
  • Explore challenges to reporting under the Single Audit Act we see in practice and discuss ways to address these challenges