This course covers the steps required to determine Major Programs for audit under the Single Audit rules as it relates to governmental auditors. The Uniform Guidance discusses how auditors should select programs to test using a risk-based approach. Auditors are required to follow this program selection guidance in order to efficiently determine which programs to test. The guidance is designed to allow auditors to maintain proper coverage regarding testing while increasing audit efficiency.
This training course reviews pertinent technical guidance and uses real-world examples and case studies to reinforce key points along the way.
Prerequisites
No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.
Learning Objective
- Recognize the importance of major program determination
- Recognize the proper way to determine major programs based on risk using the 4 step process.
- Recognize the rules auditors should follow under the Percentage of Coverage Rule.
Last updated/reviewed: March 10, 2024
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INTRODUCTION AND OVERVIEW
- Introduction to Uniform Guidance Training Part 3: Single Audit Training – Major Program Determination 5:20
- Major Programs & Risk Based Approach- Criteria 1 and 2 9:42
- Risk Based Approach- Third Criteria 5:48
- DoD Case and Step One 10:32
- Step Two and Three 9:50
- Step Four and Conclusion 9:55
CONTINUOUS PLAY
SUPPORTING MATERIALS
REVIEW AND TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM exam
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