2024 Compliance Supplement and Single Audit Update

Overview

Discover the latest updates to the Compliance Supplement for single audits by the Office of Management and Budget, as well as other noteworthy developments.

U.S. Office of Management and Budget update

Staying informed about the latest developments in the single audit realm is crucial for conducting high-quality single audits.

Every year, the U.S. Office of Management and Budget (OMB) revises the Compliance Supplement, which outlines auditors’ responsibilities regarding federal program audits.

This Governmental Audit Quality Center webinar will offer insights into recent single audit updates and revisions to the Compliance Supplement.

Key discussion points include:

Significant modifications to the Compliance Supplement

Updates on federal single audit initiatives

Other pertinent developments

Insights from practitioners specializing in the field

Course Instructor: Blaine Jasper,Hope Pendergrass,Susan Eickhoff

Highlights

Single audit

State and local government

School district

Not-for-profit

Yellow Book

Prerequisites

Basic knowledge of single audits

Designed For

Auditors of not-for-profits
Auditors of state and local governments
Auditors performing single audits

Objectives

Analyze key changes in the 2024 OMB Compliance Supplement.
Determine the continued impact of COVID-19 and IIJA funding on single audits.
Analyze other federal single audit activities and developments affecting single audits.
Apply best practice tips to help achieve higher single audit quality.

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by AICPA. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.