Single Audit Fundamentals Part 1: What is a Single Audit?
This series is intended for staff new to performing single audits or those who need a refresher.
Once staff are trained at a basic level, they can take advantage of other more advanced training offered by the GAQC.
Part 1 walks through the basics of single audits:
- The background and context of a single audit engagement
- Tips for helping participants differentiate these engagements from traditional financial statement audit engagements
- Responsibilities of auditees, auditors, and federal agencies
The GAQC will expand this series to four parts in 2026.
Learning Objectives
- Identify the scope of the single audit and the OMB Uniform Guidance.
- Identify fundamental auditee and auditor responsibilities found in the Uniform Guidance.
- Identify the characteristics of federal awards.
Event Level: Basic
Field of Study: Accounting (Governmental)
Who Should Attend
· Auditors performing single audits
Required Knowledge
None
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