This course covers the importance of the Schedule of Expenditures of Federal Awards or SEFA as it relates to governmental auditors. This training discusses how the SEFA is an important guide which helps auditors make decisions about which programs to audit.  Auditors are required to deeply understand the SEFA in order to efficiently determine which programs to test.  The SEFA also assures that funding agencies know that their funding amounts were included in the Single Audit.

 

This training course reviews pertinent technical guidance and uses real-world examples and case studies to reinforce key points along the way.

Learning Objectives
  • Recognize the importance of the Schedule of Expenditures of Federal Awards (SEFA).
  • Recognize who is responsible for creating the SEFA.

  • Recognize the key steps to properly prepare the SEFA.

Last updated/reviewed: March 7, 2024
10 Reviews (46 ratings)

Reviews

5
Member's Profile
Adam provides a very good overview for those unfamiliar with subject matter. All learning objectives were met, information was clearly provided and the presenter’s delivery was easy to understand. This is an excellent course for entry level auditors.
5
Anonymous Author
Mr. sanders was a great, clear presenter of the subject matter. The portion of the course regarding SAS No. 119 and the In Relation To (IRT) opinions were particularly enlightening.
4
Anonymous Author
Interesting and specialized topic for which training is typically not available. Well laid out and describes the regulations and requirements for the SEFA.
5
Anonymous Author
Thank you for the meaningful and informative discussion about SEFA. This is helpful for newbies in knowing more about Single Audit.
4
Anonymous Author
This course explains what the SEFA is, why it is important in a Single Audit, and what should be included in the SEFA.
5
Anonymous Author
Good overall presentation of very technical subject matter. Slides presented were very helpful.
5
Member's Profile
The presenter provided great examples of how the SEFA should be presented and it's requirements.
4
Anonymous Author
Good overview and in conveying the importance of SEFA. Course well presented.
4
Anonymous Author
Good overview of importance of SEFA, and responsibilities under SAS 119.
5
Anonymous Author
This was a good course. Informative and easy to understand.
Prerequisites
Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Uniform Guidance Training Part 2: Single Audit Training – The Importance of the SEFA3:39
  The Importance of the SEFA8:27
  DoD Ethics Fails & Preperation of the SEFA11:41
  DoD Ethics Fails & SAS No. 119 14:01
  SAS No. 119 Continued & Conclusion8:35
CONTINUOUS PLAY
  Uniform Guidance Training Part 2: Single Audit Training – The Importance of the SEFA 46:23
SUPPORTING MATERIALS
  Slides: Uniform Guidance Training Part 2PDF
  Uniform Guidance Training Part 2 Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONS quiz
 FINAL EXAMexam