Internal Controls Over Compliance vs Compliance

Overview

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.

Highlights

• Compliance Supplements
• Yellowbook
• Accounting

Prerequisites

None

Designed For

Accounting Professionals

Objectives

• Identify internal controls over compliance for a given compliance requirement
• Recognize compliance requirements per the Compliance Supplements
• Identify an audit procedure to test the operating effectiveness of a given control

Preparation

None