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Basics of Federal Grants and Single Audit Compliance

 

Gain a better understanding of the requirements of the Uniform Guidance and related expectations for audits and other monitoring activities.

Receiving federal financial assistance (grants and cooperative agreements) provides a tremendous source of revenue for many organizations but carries a significant level of compliance requirements and, potentially, risk if managed incorrectly. This presentation will help individuals involved in pursuing and managing federal awards to understand the requirements of the Uniform Guidance and related expectations for audits and other monitoring activities. The course will focus on discussing common challenges and risk areas associated with the Uniform Guidance requirements and help flush out the nuances involved in effectively managing grant awards. This workshop will help federal funding recipients proactively manage compliance and reduce risk associated with audit findings, including questioned costs, and enhance documentation and support of costs charged to federal funds.

Agenda

Faculty

David Clark

David Clark

BDO USA

  • Managing director, Federal Grants Management Advisory
  • Nearly two decades of experience working with recipients of federal grants funding and interpreting and applying the expectations of the Uniform Guidance (and OMB Circulars prior to that)
  • Frequent speaker and author on topics regarding Uniform Guidance compliance and cost allowability within nonprofit organizations and state and local governments
  • Supported the management of over $8B in CARES/ARPA funding for state and local governments since 2020
  • Professional affiliations include the Association of Certified Fraud Examiners, Association of College and University Auditors, Institute of Internal Auditors, National Council of University Research Administrators, and National Grants Management Association
  • Certified internal auditor, certified fraud examiner, and certification in risk management assurance
  • B.S. Degree in commerce, concentrations in finance and management, University of Virginia, McIntire School of Commerce
  • Can be contacted at [email protected] or 919-278-1954

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