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 types of compliance requirements from the scope of the audit;
- The supplement's change of approach requires the auditor to revise the report on compliance; and
- An auditor may include an other-matter paragraph in the report to communicate information about the change to the supplement.
More information about single audits and the 2019 Compliance Supplement is available at the AICPA Governmental Audit Quality Center.