NOT2205. Single Audit Update

The last year has been one of the more challenging ever for single audits due to the significant influx of federal funding resulting from the COVID-19 pandemic. There will be many of the same types of challenges to address in the coming year. This session will provide an overview of what is happening in the single audit arena. You will learn about:

COVID-19 funding nuances and related single audit implications;

Key information in the OMB Compliance Supplement;

The latest Uniform Guidance and single audit developments;

News from the Governmental Audit Quality Center; and

The single audit landscape looking forward.

Learning Objectives:

• Recognize the impact of COVID-19 funding on single audits
• Determine the latest OMB Compliance Supplement includes
• Apply the latest Uniform Guidance and other single audit developments.