Major Federal Programs
Selecting Programs for Testing
During a Single Audit, auditors identify major federal programs using a risk-based approach. Programs with higher expenditures or higher risk generally receive more extensive testing.
- Evaluate program expenditures.
- Assess inherent and control risk.
- Consider previous audit findings.
- Determine major programs requiring detailed testing.
Note
Not every federal program is audited in detail during a Single Audit.
Summary
Risk assessment helps auditors focus audit effort on the most significant federal programs.