Learn best practices to prepare for the audit visit, facilitate a productive audit, and respond to audit findings.
Many organizations participating in federal grant programs are required to participate in an annual audit of their compliance with grant program requirements. They often do not understand the scope and importance of the federal audit. This presentation will help organizations understand when they must participate in the single audit process and relevant audit requirements. The material will also explain best practices to prepare for the audit visit, facilitate a productive audit, and respond to audit findings. Failure to respond timely to audit findings can complicate the audit resolution process and prolong resolution timelines. Finally, this presentation will discuss the impact of COVID on audit timelines and proper documentation of COVID flexibilities. The topic is critical for grantees to ensure that audits do not result in unnecessary findings of noncompliance.
Learning Objectives
- You will be able to recognize the who is required to have a federal audit and what programs will be audited.
- You will be able to recognize how to participate in a federal audit.
- You will be able to recognize the audit resolution process.
- You will be able to identify COVID flexibilities and how they relate to post-COVID audits.
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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
Overview of Federal Audits
- Who Is Required to Have a Federal Audit?
- What Programs Will Be Audited?
- How Is This Different From a Financial Statement Audit?
Participating in a Federal Audit
- Pre-Audit Preparation
- Ensuring a Smooth Audit Visit
- Post-Audit Follow-up
Audit Resolution
- Audit Resolution Processes
- Best Practices for Audit Resolution
Audits and COVID
- Documenting COVID Flexibilities
- Audits of COVID Funds
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Credit
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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
OnDemand Course
This course was last revised on March 28, 2023.
Call 1-866-352-9540 for further credit information.
- AR CLE 1.0
- This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.0
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- GA CLE 1.0
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
- HI CLE 1.0
- This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 CLE credit hours.
- MO CLE 1.3
- This course qualifies for self-study CLE credit in Missouri.
- NH MCLE 1.0
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 64 Minutes.
- PA CLE 1.0
- This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hours of substantive law, practice and procedure CLE credit.
- RI CLE 1.0
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
- VT CLE 1.0
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
- WA CLE 1.0
- This program has been approved by the Washington State Board of Continuing Legal Education for 1.0 hours of A/V credit under the Law & Legal Procedure category.
- WV MCLE 1.3
- This program has been approved by the West Virginia State Bar MCLE Commission for 1.3 MCLE hours.
CPE/NASBA - QAS Self Study 1.8 including Specialized Knowledge 1.8
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study 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: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement 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.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
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Credit
More Program Information
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
Aaron Brosnan
Hogan Lovells
- Associate, Hogan Lovells
- Practice focuses on regulatory and grants management issues facing educational institutions
- Assists clients with all questions related to regulations and provides practical guidance on best practices to ensure compliance
- Has advised school districts, institutions of higher education, and nonprofits on federal student aid, school finance, audit findings, and distance education programs
- Previously practiced education law at a nationally recognized education regulatory and legislative practice and worked as a compliance officer at the D.C. Office of the State Superintendent of Education
- Certified Grants Management Specialist
- J.D. degree, The George Washington University Law School; M.S. degree in education, Simmons University; B.A. degree in biology and studio art, College of the Holy Cross
- Can be contacted at [email protected] or 305-459-6544
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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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