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Advanced Topics in a Single Audit


(Check-In 7:30am)

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Hilton Garden Inn

3720 N Reserve St
Missoula, MT 59808

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8.00 Credits

Member Price $300.00

Price will increase by $50 after 8/1

Non-Member Price $350.00

Price will increase by $50 after 8/1


All materials will be electronic only

Be prepared for the responsibilities of planning, directing, and reporting on a single 
audit engagement conducted under the Uniform Guidance. This course gives you 
insights into key issues that are not covered in other courses, with an emphasis on 
advanced topics that require particular attention. Case studies are provided to 
highlight key compliance audit requirements and to help put the guidance into 


• Planning the compliance audit and other risk assessment considerations
• Required elements of the SEFA
• Major program determination process, including the considerations of 
clusters, loans, and loan guarantees
• Considerations when assessing and evaluating internal controls over 
• Evaluating and reporting on applicable compliance requirements related 
to compliance testing
• Considerations of pass-through entities and subrecipients
• Audit sampling in a compliance audit
• Advanced audit reporting issues
• Update on Government Auditing Standards


    Prerequisite Intermediate competency in single audits

    Designed For

    Auditors responsible for planning, directing, and reporting on single audits


    • Assess risk when planning a compliance audit of federal awards.
    • Evaluate whether the requirements related to the Schedule of 
    Expenditures of Federal Awards (SEFA) have been met in your audit 
    • Evaluate whether major federal programs to be audited have been 
    appropriately identified.
    • Interpret the requirements for understanding internal control, assessing 
    the level of control risk, and testing the effectiveness of internal control 
    relative to federal awards.
    • Interpret and evaluate the reporting requirements of a single audit.
    • Interpret and evaluate guidance regarding sampling in a compliance audit.
    • Identify considerations related to pass-through entities


    Leader Bios

    Bruce Shepard

    Bruce Shepard was most recently an assistant professor of accounting at George Fox University and an adjunct professor of accounting at the University of Oregon, prior to becoming an instructor for the AICPA in 2012. From 2006-2010, Mr. Shepard was the Chief Financial Officer of Las Vegas Gaming, Inc. in Las Vegas, Nevada, where he had full management responsibility for all financial affairs, daily business operations, administration and human resources. From 1985-2006, Mr. Shepard was in charge of the Middle Market Practice for PricewaterhouseCoopers, LLP in Portland, Oregon, where he served as an Assurance Partner from 1989-2006 focusing on providing proactive business advisory services to fast-growing companies. Bruce has many years of trusted business advisor experience around Portland, Oregon where he practiced for 33 years. In addition, Bruce has taught all of the accounting and auditing classes, fraud and forensics, pension auditing, SAARS, COSO, and governmental accounting and auditing classes for the AICPA for the last five years including being the lead instructor on GASB 68. Presently, Bruce is the author of the AICPA course, Audits of Banks and Other Financial Institutions. At PricewaterhouseCoopers, LLP, Mr. Shepard spearheaded over 100 acquisitions and divestitures by leading in the financial structuring of the transactions. He worked with clients to develop strategic plans for short-term and long-term growth. He assisted both start-up companies and beyond start-up companies with attaining their needed growth capital. Mr. Shepard wrote an article, Financing Entrepreneurs, in 1999 for the Oregon Society of Certified Public Accountants. Mr. Shepard was awarded “Beta Alpha Psi Professional of the Year” in 2006 for sustained involvement with the University of Oregon.

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    Non-Member Price $350.00

    Member Price $300.00