Accurately identifying and testing controls over compliance is critical, yet it remains a common deficiency highlighted in peer reviews. This course offers a comprehensive overview of internal controls over compliance, with a focus on their application to Single Audits. Participants will learn how to effectively align internal controls with specific compliance requirements. Additionally, we will address one of the most frequent findings in audits of governmental entities receiving federal grants: the misidentification of controls and the confusion between compliance and control processes. This course will help clarify the distinction, equipping you with the tools to enhance audit quality and ensure compliance effectiveness. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation, you will be able to...
- Identify internal controls over compliance for a given compliance requirement
- Recognize compliance requirements per the Compliance Supplement
- Identify an audit procedure to test the operating effectiveness of a given control
Major Topics
The major topics that will be covered in this course include:
- Testing internal Controls
- Align internal controls with specific compliance requirements
- The misidentification of controls and the confusion between compliance and control processes
