Key Updates Navigating the 2024 Single Audit Compliance Supplement

Overview

This course offers a comprehensive and practical framework for CPAs and financial professionals involved in forensic accounting and expert witness testimony. You’ll gain insights into the two essential foundations for litigation success: (1) Crafting a defensible expert opinion using the FARC Methodology (Facts, Assumptions, Rationale, Conclusion) and (2) Organizing the expert file to withstand rigorous cross-examination. The program integrates analytical creativity with disciplined documentation practices, equipping attendees to effectively defend their conclusions in court. We’ll explore real-world examples, litigation strategies, and best practices to enhance your professional credibility and courtroom performance.

Highlights

Prerequisites

Work experience in auditing, or an introductory course in auditing.

Objectives

• Identify key updates in the 2024 Single Audit Compliance Supplement, including changes to internal controls and equipment thresholds
• Determine which parts of the 2024 supplement have been updated and what requirements have remained unchanged
• Recognize the differences between federal single audits and financial statement audits
• Recall the reporting due dates and the criteria for low-risk auditee status

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.