NOT19102. Single Audit: Identifying and Testing Applicable Compliance Requirements

Track: 
Yellow Book
Field of Study: 
Auditing (Governmental)
CPE Credit: 
2.0
Knowledge Level: 
Intermediate
Advanced Preparation: 
None
Prerequisite: 
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.

Monday, June 10, 2019
 
8:00AM-9:40AM

The recent AICPA's recent Peer Review Study of Single Audits identified problems with not properly assessing compliance requirements as being direct and material. This workshop will walk through the process of determining what compliance requirements are applicable and required to be tested during a single audit, as well as developing an audit approach that provides us with the evidence we need to support the compliance opinion.

Learning Objectives:

  • Identify the most common nonprofit revenue streams
  • Distinguish between the unique accounting requirements applicable to nonprofit revenue streams
  • Determine how to effectively design an audit approach including the benefits of different testing approaches


SESSION SPEAKER(S)

CPA, CISA, CRISC
Principal | CLA
CPA, CGMA
Principal | Clark Nuber PS