The Schedule of Expenditures of Federal Awards (SEFA) under Uniform Guidance

Author: Diane Edelstein

Do you know the responsibilities of the auditee and auditor in regard to the SEFA? The rules can be challenging. This on-demand class with Diane Edelstein discusses the elements of the SEFA and common pitfalls. You’ll learn to define how to ensure accuracy of the SEFA, differentiate subparts of the Uniform Guidance, and more.

Publication Date: February 2019

Designed For
Auditors and auditees.

Topics Covered

• SINGLE AUDIT Uniform Guidance ‐ UG
• Audit Requirements — Subpart F
• Passthrough Awards and Subrecipients
• The Schedule of Expenditures of Federal Awards "The SEFA"
• Auditor Reporting on the SEFA
• Data Collection Form

Learning Objectives

• Recognize the auditees role in preparing SEFA
• Differentiate independence standard considerations if the Auditor assists in SEFA preparation
• Identify the required elements of the SEFA
• Recognize problems and pitfalls in SEFA preparation
• Define how to ensure accuracy of the SEFA
• Identify the role of the auditors reporting on the SEFA
• Differentiate subparts of the Uniform Guidance and how they apply
• Identify characteristic of a contractor with respect to the subrecipient/contractor determination
• Identify a grouping of closely related programs that share common compliance requirements
• Recognize which file format a FAC submission should be submitted on

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Auditing (Governmental) (2 hours)

Program Prerequisites
None

Advance Preparation
None