With taxpayers and federal agencies desiring more transparency on how federal award funds are being spent, grant recipients that are required to undergo a single audit will face considerable amount of scrutiny as auditors evaluate whether funds were spent properly, and if internal controls are present to prevent fraud, waste and abuse.

Complicating matters, OMB issued revisions to the uniform guidance in 2024, which generally apply to awards issued on or after Oct. 1, 2024 (unless federal agencies elected to implement the revisions earlier). Because organizations mayhave some awards that follow the uniform guidance provisions int he 2024 revisions, while other older awards would follow OMB’s previously released uniform guidance, auditors will face a heavy task of determining award issuance dates before testing auditees for compliance.

Because of this muddled landscape of varying requirements, oganizations should ensure that they are complying with the equirements applicable to their awards and take acitons to be effective in prevneting audit findings and risks to your federal funding.

But what does “effective” entail? Let an experienced grant auditor clarify steps that can make the biggest difference during preparation, the audit itself and when the report is issued. 

This workshop will explore the “dos and don’ts” that can improve the way you prepare for you next single audit, financial audit or compliance audit, as well as how to best collaborate with auditors to ease the process. 

Fix “red flags” before auditors arrive. In mapping out how annual audits are developed, this workshop will provide value to all grant recipients by breaking down how to make your preparation more targeted and your audit more successful. 

Key Learning Objectives:
>> Understand Revised Audit Requirements: Gain a clear understanding of the 2024 revised uniform guidance, including changes to audit requirements in Subpart F, and how these updates impact federal award recipients.
>> Enhance Audit Preparation: Learn actionable steps to effectively prepare for single audits, financial audits, and compliance audits, with a focus on identifying and addressing potential “red flags” before auditors arrive.
>> Improve Collaboration with Auditors: Discover best practices for working with auditors to streamline the audit process.

Who Should Attend
This workshop is of value to all government and not-for-profit organizations. Attendees who will benefit most include:
-Chief Financial Officer
-Director of Finance
-Director of Budget
-Compliance Officers
-Finance Managers
-Grant Accounts
-Members of Senior Leadership teams
-Others are welcome

With your registration, you will receive:

✓ A half-day, expert-led workshop 
✓ Ability to earn 3.6 CPE/GPCI credits

Select from the ticket options below to register for this session. In order to be awarded the full credits, you must respond to at least twelve polling questions throughout the program.

Participants will earn 3.6 CPE credits

Field of Study: Auditing (Governmental)

Additional Information
Prerequisites: Basic knowledge of federal grant compliance and audit processes is recommended for participants to fully benefit from this program. 
Advanced Preparation: None 
Program Level: Intermediate
Delivery Method: Group Internet-based

Please note that the workshop will be recorded.