Audit Sampling Strategies for Nonprofits: Uniform Guidance Compliance, Reporting and Communicating Findings
Recording of a 110-minute CPE webinar with Q&A
This course will explain sampling procedures for audits conducted under the uniform guidance. Our panel will review the necessary sampling concepts and steps when performing single audits.
Outline
- Requirements under uniform guidance
- Determining the size of tests of controls
- Tests of compliance (substantive tests)
- Projection of compliance test results
- Reporting deficiencies and issuing a compliance opinion
- Requirements for financial statement reporting
Benefits
The panel will review these and other key issues:
- Determining sample size under uniform guidance
- How samples can be designed to meet more than one purpose (dual-purpose testing)
- Considerations when documenting audit sampling tests of controls over compliance and substantive tests of compliance
- Suggestions on efficient compliance with the requirements
- Defining the population and the sampling unit
- Areas of common deficiencies as cited in inspections and peer reviews
Faculty
![MacLeod, Deby](/img/t/93e3f2c012520acd91d0ec6ee769b0e7.jpg)
Deby MacLeod, CPA, CGMA
Shareholder
Clark Nuber
Ms. MacLeod is an audit shareholder specializing in serving the firm’s not-for-profit clients with a focus on... | Read More
Ms. MacLeod is an audit shareholder specializing in serving the firm’s not-for-profit clients with a focus on foundations, international NGO, and education organizations. She provides a variety of attest and consulting services including financial statement audit; auditing complex investment portfolios; Single Audit; process, policy and controls consulting; and field office site visits for international clients.
Close![Joe Purvis](/img/t/b1617c03becfcdefa1376ce1069a94d7.jpg)
Joe Purvis, CPA
Senior Manager
Clark Nuber
Mr. Purvis focuses on serving clients in the healthcare industry and the not-for-profit sector. He also performs... | Read More
Mr. Purvis focuses on serving clients in the healthcare industry and the not-for-profit sector. He also performs compliance audits for various organizations. His technical skills and exceptional attention to detail provide a valuable resource for clients with whom he works. Mr. Purvis enjoys the challenge of working through complex accounting issues and being a source of technical knowledge to those he works with.
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