Effective Audit Testing in an Indirect Cost Rate Audit
In this pre-recorded, web-based training, Dan Purvine will provide valuable insight into substantive testing procedures to be performed in an indirect cost rate audit.
Topics covered will include:
- identification of high risk accounts
- stratification of large dollar or sensitive transactions
- appropriate testing for non-high risk accounts
Dan will discuss the proper use of analytical procedures, and methods that may be used for audit sampling. He will also discuss the evaluation of testing results, and recommended audit documentation to meet the requirements of the AASHTO Audit Guide CPA Workpaper Review Program and state DOT expectations. Proper application of these recommended testing procedures is critical to acceptance of the audit report.
A 10 question quiz will preceed the training, which must be passed at a 70% rate or higher to earn the CPE credit. Once the video has been downloaded, the training will be available for five days.
Hours of CPE Credit: 2
- Lectures 4
- Quizzes 1
- Students 60
- Certificate Yes
- Assessments Self