ACPEN Signature 2025: Single Audit and Uniform Guidance Issues Update

Overview

If you think applying one set of audit standards is tough enough, how about applying three different sets of audit standards in one “single” audit?  That’s exactly what happens when the auditor applies GAAS, the Yellow Book and the OMB requirements in a Single Audit.  This session will start with a single audit “nuts and bolts” overview before delving into unique aspects and audit issues of the continued era of pandemic-related funding, and, of course, provide an update of any recent changes to the funding related to the Infrastructure and Investment in Jobs Act, or IIJA.  Recent changes to the Single Audit and Uniform Guidance rules will also be covered.  Join our expert panel of federal, state and local auditors and practitioners to learn what you need to know if you are performing audits under these audit standards and the Uniform Guidance for Federal Awards.

Objectives

• Analyze the fundamental components and key concepts of a single audit.
• Examine unique aspects and audit challenges, including the impact of pandemic-related funding on single audits.
• Identify recent updates to the Single Audit process and changes to the Uniform Guidance rules.
  

  &nbsp;</li>
  

Highlights

• The nuts and bolts of a Single Audit
• Overview of the GAO’s Fraud Risk Management Framework and the importance of fraud risk in a Single Audit
• Specific audit issues arising relating to the continued Pandemic and Infrastructure funding programs
• Review of unique elements of the 2025 Compliance Supplement (If Available)
• Recent changes to specific Uniform Guidance rules and regulations