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Internal Controls Over Compliance vs Compliance
Based on the AICPA Enhancing Audit Quality study, 23% of all single audits subject to enhanced oversight were materially non-conforming with professional standards due to failure to properly test controls over compliance. This course will provide an overview of internal controls over compliance specifically related to Single Audits. We will discuss how to apply the concept of internal controls to various compliance requirements. Additionally, a common finding in the audits of governmental entities receiving federal grants is misidentifying controls and mistaking compliance for a control. That's why this course will also focus on identifying compliance versus controls over compliance.
Upon completing this course, learners will be able to:
- Recognize best practices in documenting internal controls over compliance in conformity with the Uniform Guidance
- Identify differences between ICFR and ICOC
CPE Credits:
1 Credit
Program Level:
Intermediate
Instructor:
Melisa F. Galasso
Qualifications:
Yellow Book 24
