Product Image

Applying OMB Circular A-133 to Not-for-Profit and Governmental Organizations

Author/Moderator: W.A. Broadus, CPA
Publisher: AICPA
Availability: In Stock
See Below To Add To Cart
View Online Catalog
Divider
Print This Page
Divider

Description

Available Formats:  Text | See All

The compliance portion of a single audit is performed under OMB Circular A-133. What are the requirements of an OMB Circular A-133 compliance audit?

In this course, you will learn the basics of performing a compliance audit performed under Circular A-133, including the responsibilities of both the auditee and auditor. Learn how to identify federal assistance and how to determine an organization’s major programs. Also covered is a key part of the compliance audit, which is, gaining an understanding of, assessing, and testing internal control over compliance. Using this knowledge, you will learn what is involved in identifying and testing compliance requirements in a single audit.

Topics Discussed:

  • Fundamentals of a single audit
  • Identifying federal assistance and determining major programs
  • Understanding, assessing, and testing internal controls
  • Testing compliance with laws and regulations
  • Audit reports
  • Program-specific audits
  • Audit tools and guidance

Learning Objectives:
When you complete this course, you will be able to:

  • Identify fundamental auditee and auditor responsibilities related to OMB Circular A-133 audits.
  • Obtain a thorough understanding of the Schedule of Expenditures of Federal Awards (SEFA).
  • Gain a working knowledge of how major federal programs are determined.
  • Become familiar with the Circular A-133 requirements related to understanding internal control and testing the effectiveness of internal controls.
  • Gain an understanding of how to identify the applicable compliance requirements, and what is involved in testing those compliance requirements.
  • Identify the Circular A-133 reporting requirements
  • Identify the audit requirements of a program-specific audit, and the related reporting requirements.

Who Will Benefit?
Auditor performing OMB Circular A-133 compliance audits and internal financial staff of government and not-for-profit entities

Prerequisite: Background of not-for-profit or governmental accounting and auditing.

Advanced Preparation: None

Table of Contents

Excerpts

Videocourse Details

NASBA Field of Study: Auditing (Governmental)
Level: Intermediate
Recommended CPE Credit: 6.5
Yellow Book Hours: 6.5
Applying OMB Circular A-133 to Not-for-Profit and Governmental Organizations
Text , 2014
Product# 730917
Availability: In Stock
Regular:$168.75
AICPA Member:$135.00
Your Price:$168.75
To receive your AICPA member discount, Sign In now, or Register using your AICPA membership number.