Accounting and Financial Reporting, Federal Advocacy

Undergoing a Federal Funds Single Audit


June 4, 2022

  • Field of Study: Accounting (Governmental)
  • Credits: 4.00
  • Prerequisite: Basic knowledge of the Office of Management and Budget’s Uniform Guidance
  • Status: This event has availability.

Time: 1:00 pm – 5:00 pm CT

The American Rescue Plan Act of 2021 (ARPA) contained the important Coronavirus State and Local Fiscal Recovery Fund (CSLFRF), which provided emergency federal funding to state and local governments for response and recovery efforts due to the COVID-19 pandemic. As a result of receiving these funds, many governments that have not had them in recent years are required to have a federal funds Single Audit. In this session, the presenters will walk through the Single Audit process from the perspective of an auditee, including discussion of the auditee’s responsibilities to prepare the schedule of expenditures of federal awards (SEFA), corrective action plans, and the data collection form. The speakers will also demystify the process by which auditors determine major programs, on which most audit testing and analytical procedures are performed. Throughout the session, attendees will learn tips on how to prepare their government for a Single Audit.

Note: This session will not specifically address ARPA and CSLFRF program requirements.

  • Member Price: $190.00
  • Non-member Price: $215.00