Major programs are critical to the single audit process as they are the programs for which the auditor will be performing additional internal control work on and ultimately issuing a compliance opinion on as part of the single audit. This course is designed to help you understand and excel in determining major programs.
BENEFITS
- Understand the risk-based program selection approach to identifying major programs
- The four-step major program determination process
- How to identify ”not low-risk type A programs” and “high-risk type B programs”
HIGHLIGHTS
- Understand the importance of the major program determination process
- Perceive the key elements in major program determination and selection (e.g., properly identifying type A and type B programs, high-risk and low-risk programs, and the percentage-of-coverage rule)
PREREQUISITES
Some introductory knowledge of the single audit