Learn How to Reduce Adverse Impact of Federal Audit Findings in Jan. 23 Federal Fund Management Advisor Webinar

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Federal grants expert Bob Lloyd will discuss how organizations can minimize the adverse impact of federal audit findings in the latest webinar from Federal Fund Management Advisor.

Federal Fund Management Advisor is pleased announce its Jan. 23 webinar,“Adverse Findings in Grant Audits: Anatomy, Diagnosis and Treatment.” Presented by federal grants expert Bob Lloyd, this webinar will address how to resolve audit findings from the perspective of the auditee, with the objective of reducing adverse impact.

Whether federal grants audits are conducted by independent auditors under Office of Management and Budget Circular A-133 or by federal offices of inspectors general and their “duly authorized representatives,” the auditors are under pressure to prove that they did their work.

Unfortunately, for organizations administering federal funds, that means that assertions about noncompliance with federal requirements and deficiencies in internal control can be a fact of life. And, if those findings are sustained by awarding agencies, the consequences can involve repaying disallowed costs, jeopardy to future federal awards, and harm to the organization’s reputation.

Designed for those with some knowledge of federal grants management and audit requirements, this Jan. 23 webinar will answer the following questions:

  • What are the types of adverse audit findings?
  • What are bases for questioned costs?
  • What are the required auditing standards for elements of an audit finding?
  • What are the steps for issuing an audit finding?
  • What if some of the required elements of a finding aren’t there?
  • What are the possible bases for challenging a finding?
  • How and when should challenges be mounted?
  • What are the steps in the audit resolution process?
  • What if the finding is correct?

Visit http://federalfundmanagement.com/webinars/wg301_012313 for more details and registration information.

The webinar will be presented by Bob Lloyd, a respected authority on policies and practices affecting the award, administration and oversight of federal grants, contracts and subawards. Mr. Lloyd has more than 40 years of experience in federal award implementation. Prior to starting his management consulting practice in Washington, D.C., in 1982, he served as the executive director of the Grants Management Advisory Service and held staff positions in two large federally funded organizations. Since then, he has been a consultant, trainer or advisor to award and audit units in 16 federal award-making departments and agencies, and to recipient and subrecipient organizations and their professional advisors located in all 50 states, the District of Columbia, several U.S. territories and 18 foreign countries. He is the principal author of several reference works on federal grants management and audits, and currently serves as contributing editor to Federal Grants News and Federal Auditing News, published jointly by Atlantic Information Services and NACUBO. He also is a Charter Life Member of the National Grants Management Association and served on its Board of Directors for five years.

Attendees of the Live Webinar Can Earn Up to 1.5 CPE Credits
Federal Fund Management Advisor 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 website: http://www.learningmarket.org.

About Federal Fund Management Advisor
Federal Fund Management Advisor is an organization that sponsors Federal Funding webinars and delivers free Federal Funding E-Strategies. Go to http://www.FederalFundManagement.com to read the latest E-Strategy, “Fear This, Federal Grantee: A Qui Tam Lawsuit.”

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Shelly Beaird-Francois
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