New Technical Questions and Answers (TQAs) posted by the AICPA provide nonauthoritative guidance related to single audits.
The Office of Management and Budget's 2019 Compliance Supplement contains new guidance for single audits, which are compliance audits performed under the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
TQAs 9110.24 through 9110.27 provide background information on revisions made in the 2019 Compliance Supplement that change how an auditor determines which compliance requirements to audit. The TQAs also discuss whether:
* An auditor may provide an opinion on compliance if the supplement excludes certain direct and material...