GAE2519. Big Changes Coming to Single Audits: Updates to the AICPA Audit and Accounting Guide GAS and Single Audits – Part 2

This session is part two of a two-part series addressing significant enhancive changes being made to the AICPA Audit and Accounting Guide: Government Auditing Standards and Single Audits (Guide) which will have an impact on anyone who performs Single Audits. Building on foundational concepts covered in Part one, this session explores significant enhancements to the Guide related to new and clarifying guidance addressing testing and evaluating compliance, evaluating exceptions and reporting findings in a Uniform Guidance compliance audit.

Learning Objectives:

• Apply revised guidance in Chapter 14 to improve the design and performance of compliance testing procedures.
• Describe the enhancive updates made to the requirements for the auditor to obtain sufficient appropriate audit evidence in a single audit.
• Evaluate audit findings in accordance with updated guidance in Chapter 15, including considerations for cause, effect, and corrective action plans.