Home / Events / Understanding What’s Next for SAS No. 145 and the 2022 Compliance Supplement

1.0 CPE credit is available for this webinar.

Are you lost in the sauce when it comes to SAS No. 145 and the 2022 OMB compliance supplement for single audits?

The latest release of SAS No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, was issued by the AICPA Auditing Standards Board. This latest update is intended to mitigate risk-based auditing and help auditors focus their time on the areas of greatest material misstatement.

Additionally, the 2022 OMB compliance supplement was created to ensure that recipients of federal awards understand and comply with program requirements, including cost principles and key provisions for federal recipients.

Join GRF audit experts for an interactive discussion on the overarching changes as a result of SAS No. 145 and the 2022 OMB compliance supplement. Attendees will explore the convergence of current federal reporting standards with an expanded description of the auditor’s responsibilities, including major compliance areas, audit-testing processes, documenting compliance and addressing common findings. We will also examine gaps in risk assessment procedures identified by practice monitoring programs and the resulting implementation of data-driven solutions.

Learning objectives:

• Key information in the 2022 OMB Compliance Supplement
• Other single audit updates and reminders
• Exploring Statement on Auditing Standards update 145 “Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement”

Additional Program Details

• Learning Objective: To provide attendees with a better understanding of SAS No. 145 and the 2022 Compliance Supplement.
• Instructional Delivery Methods: Group Internet-based
• Recommended CPE: 1.0 CPE
• Recommended Fields of Study: Specialized Knowledge
• Prerequisites: None Required
• Advance Preparation: None
• Program Level: Basic
• Course Registration Requirements: None
• Refund Policy: No fee is required to participate in this session.
• Cancellation Policy: In the event that the presentation is cancelled or rescheduled, participants will be contacted immediately with details.
• Complaint Resolution Policy: GRF CPAs & Advisors is committed to our participants’ 100% satisfaction and will make every reasonable effort to resolve complaints as quickly as possible. Please contact kdavis@grfcpa.com with any concerns

GRF CPAs & Advisors is a CAE Approved Provider. This program meets the requirements for fulfilling the professional development requirements to earn or maintain the Certified Association Executive credential and may be applied for 1 (one) credit toward your CAE application or renewal professional development requirements. Every program that we offer which qualifies for CAE credit will clearly identify the number of CAE credits granted for full participation, and we will maintain records of your participation in accord with CAE policies. For more information about the CAE credential or Approved Provider program, please visit www.asaecenter.org/cae.