Course Description:
As a result of the CARES Act, many organizations will be subject to single audit for the federal assistance received. For some, this will be a new wrinkle in their existing single audits. However, for many, obtaining a single audit will be completely new and may seem overwhelming. This course will discuss the steps that organizations should be taking to prepare for a single audit. It will serve as a road map for organizations to follow to ensure they are prepared. This is intended to be a basic overview of single audit for organizations that are not familiar with single audit requirements and planning. 

Learning Objectives:

• Outline basic single audit principles
• Review basic terminology and definitions
• Identify single audit requirements
• Outline how to prepare a Schedule of Expenditures of Federal Awards
• Review the requirements for developing internal controls

Presenters:
Angie Hillestad, CPA, CGMA, Partner, Eide Bailly
Since 2007, Angie has been providing her services to a variety of industries, including nonprofits with and without Federal grants, affordable housing and senior living with a primary focus in the nonprofit and affordable housing sectors. She not only provides audit, review and accounting services, but Angie is also a member of Eide Bailly's National Assurance Office, where she helps provide support to the firm's assurance team. 

Kurt Schlicker, CPA, Senior Manager, Eide Bailly
Kurt works primarily with casinos, governments and nonprofits. He specializes in auditing federal grants for compliance. He is also a member of Eide Bailly's Single Audit Technical Issues Committee, which assists the firm in staying compliant with federal grant auditing requirements. 

Alicia Herrera, CPA, Manager, Eide Bailly
Alicia has more than seven years of experience overseeing audits of community college districts, school districts, nonprofit organizations, county offices of education and commercial audits. She specializes in providing assurance services for institutions of higher education, local educational agencies and nonprofit organizations of all sizes.

CPE Information
CPE Credits: 1
Field of Study: Auditing
Level of Knowledge: Basic
Delivery Method: Group-Internet Based

Additional Information: These are web-group seminars. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 612.253.6628.