Description
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.
Date: 2025-01-15 Start Time: 1:00 PM ET End Time: 2:05 PM ET
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 monitoringreview).