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.
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Why Lorman?
Over 38 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
- Distinction Between Federal Procurement and Federal Financial Assistance
- Types of Funding Programs
Structure of the Uniform Guidance
- Explore the Various Subparts of 2 CFR 200
- Other Requirements/Regulations Governing Federal Financial Assistance
- Regulatory Order of Precedence
Oversight and Monitoring of Financial Assistance
- Agency Reviews
- Offices of Inspector General
- Single Audits
Purpose and Scope of the Single Audit
- Purpose
- Scope/Coverage
- OMB Compliance Supplement
Common Audit Findings
- Statistics From Most Recently Available Single Audit Data
- Deep Dive of Common/Repeat Audit Findings
How to Prepare Your Organization for an Audit
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Why Lorman?
Over 38 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 January 15, 2025.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 38 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 38 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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