About the Course
Introduction
This webinar will provide CPAs with a comprehensive update on single audits under the Uniform Guidance (2 CFR Part 200) in light of the release of the 2025 OMB Compliance Supplement. Our audit and assurance professional will discuss how new thresholds, revised compliance requirements, and transition rules affect audit planning, major program determination, and compliance testing for governmental entities and other recipients of federal awards.
Description
On Nov. 26, 2025, the Office of Management and Budget (OMB) released its latest supplement.
Key revisions in the 2025 OMB Supplement include:
- Single audit threshold increased from $750,000 to $1,000,000 for federal expenditures
- Type A program threshold increased from $750,000 to $1,000,000, directly affecting major program determination.
- Equipment capitalization threshold increased from $5,000 to $10,000.
The new guidance is effective for fiscal years beginning on or after Oct. 1, 2024.
In addition to Uniform Guidance, auditors must consider the professional standards environment: GAAS, Government Auditing Standards (GAGAS/Yellow Book). Certain areas are frequently cited in single audit oversight and peer review, such as major program determination, low-risk auditee criteria, internal control over compliance, and reporting, including Schedule of Expenditures of Federal Awards (SEFA). CPAs auditing governmental entities need to understand the latest requirements and how to integrate compliance with multiple authoritative guidance and efficiency.
Listen as our veteran auditor explains recent updates to the Uniform Guidance and the Compliance Supplement, demonstrates how to incorporate these changes into the audit plan, and shares practical strategies to reduce common single audit deficiencies.
Presented By
Mr. Sefick Principal in the Pittsburgh, Pennsylvania office of HBK CPAs & Consultants and is the National Director and Practice Leader of HBK Nonprofit Solutions. He has been a Certified Public Accountant since 2013 and a Certified Governmental Financial Manager (CGFM) since 2019. Mr. Sefick has more than 16 years of specialization in government and nonprofit audits and consulting, as well as helping clients identify ways to strengthen their internal controls and achieve operational efficiencies. He has developed a specialty for yellow book audits as well as accounting and consulting services, and has extensive experience with federal grant compliance, internal controls, risk management and administration. Mr. Sefick is well versed in Uniform Guidance and single audits and has managed, planned, and performed single audits for an extensive variety of government agencies, charter schools and nonprofits. He has also provided technical assistance to governmental entities with the implementation of Governmental Accounting Standards Board (GASB) pronouncements and has assisted in internal control development and administering CRF, ERAP, SLFRF (ARPA), and various other federal grant programs.
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BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.
Date + Time
- event
Monday, July 20, 2026
- schedule
1:00 PM ET/10:00 AM PT
I. Single audits and Uniform Guidance: introduction
II. Uniform Guidance
III. GAAS, GAGAS/Yellow Book Requirements
IV. 2025 OMB Compliance Supplement
V. Major program determinations
VI. Assessing risk
VII. Common audit deficiencies
VIII. Best practices
The speaker will cover these and other critical issues:
- Key components of OMB's 2025 Compliance Supplement
- Determining Type A and Type B program determinations under new guidelines
- Avoiding common deficiencies in single audit engagements
- Quality management considerations for governmental entities
- Meeting Uniform Guidance, GAS, and Yellow Book requirements
Learning Objectives
After completing this course, you will be able to:
- Determine how to avoid common audit deficiencies in Uniform Guidance audits
- Identify the consequential updates in the latest OMB Compliance Supplement
- Ascertain tips to facilitate incorporating multiple regulatory guidelines in a single audit
- Decide how major programs are determined under current guidance
- Field of Study: Accounting
- Level of Knowledge: Intermediate
- Advance Preparation: None
- Teaching Method: Seminar/Lecture
- Delivery Method: Group-Internet (via computer)
- Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
- Prerequisite:
Three years+ business or public firm experience, preparing reviewed, compiled, and audited financial statements and the relative disclosures. Specific knowledge and understanding of GAAP, SSARS, and peer review policies.
BARBRI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.
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