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List the auditing and reporting considerations and describe the relationship with and responsibilities of the cognizant or oversight agency for audit and identify the major federal award programs.
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Compare and contrast between the state and local grant compliance requirements.
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Classify the various types of risk assessment and other planning procedures.
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Explain the significance of understanding the entity and its environment when developing an audit plan; and how planning decisions and judgments are relative to a single audit.
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Explain an auditor’s responsibility when considering the risks of material misstatements due to fraud.
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Describe the overall aspects of audit programs and documentation requirements.
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Determine how and when other auditors should be used to perform different portions of the audit.
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List the requirements that apply to all single audit samples and explain the objective and purpose of the tests of controls over compliance.
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Identify the steps in planning the audit sample.
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Explain the purpose of compliance tests.
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Describe the auditor’s consideration for when assessing the various steps for a nonstatistical sampling approach to substantive tests of compliance.
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