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.
Learning Objectives
- You will be able to define the rules and requirements applicable to federal financial assistance (grants).
- You will be able to describe the Single Audit process.
- You will be able to recognize common audit findings and other areas of focus for recipients of financial assistance.
- You will be able to identify best practice for preparing for and undergoing a Single Audit (or other form of monitoring/review).
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
| Introduction and Overview of Federal Financial Assistance | |
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| Structure of the Uniform Guidance | |
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| Oversight and Monitoring of Financial Assistance | |
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| Purpose and Scope of the Single Audit | |
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| Common Audit Findings | |
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| How to Prepare Your Organization for an Audit | |
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
Live Webinar Registration
CPE 1.2 including Auditing (governmental) 1.2
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub 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 credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Auditing (governmental) for 1.2 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
OnDemand Course
This course was last revised on February 21, 2020.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Who should attend?
This live webinar is designed for accountants, executive directors, auditors, board members, officers, controllers, CFOs, and tax managers.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
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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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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