Single Audits of Government-Funded Activities Webinar


Auditors and finance personnel of government and not-for-profit organizations need a practical approach for reporting on single audits. This targeted, one-day webinar will provide you with a framework for this process. You will:

  • Learn how to comply with the Single Audit Act, the Yellow Book, OMB circulars and GAO standards
  • Understand appropriate rules and regulations
  • Review relevant accounting and auditing guidance



To provide financial professionals who serve or audit government and not-for-profit organizations with a systematic approach to reporting on single audits. You will learn about the roles and responsibilities associated with single audits and how to comply with all relevant rules and regulations.

  • The “Omni” Circular (Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards)
  • Auditor independence, including the most recent independence rules
  • Who is subject to a Single Audit
  • Dealing with multiple entities and consolidations
  • Differentiating among recipients, subrecipients and vendors
  • Responsibility for detecting fraud
  • Evaluating internal controls and internal control structure
  • Sampling and testing
  • Auditing clusters
  • Monitoring subrecipients
  • Determining major programs using risk analysis
  • Report content and filing requirements, including the Schedule of Expenditures of Federal Awards (SEFA)
  • Results of the National Audit Sampling Project
  • Annual Compliance Supplement
  • Impacts of COVID-19 on reporting



No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: