Federal Grants Expert Bob Lloyd to Translate "Auditese" into Layman’s Terms in July 9 Webinar

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Designed specifically for nonfinancial personnel, the latest webinar from Federal Fund Management Advisor will review key auditing standards, objectives and procedures that are essential in getting an organization audit-ready.

Federal grant auditors often speak in acronyms and terms that most people don’t understand. In "Can You Speak 'Auditese'? — A Guide for Nonfinancial Personnel in Federally Funded Organizations," an upcoming July 9 webinar sponsored by Federal Fund Management Advisor, federal grants expert Bob Lloyd will translate "auditese" into understandable layman’s terms, giving nonfinancial personnel an overview of key auditing standards, objectives and procedures that are essential in getting an organization audit-ready — and to help forge a more effective partnership between financial offices and the rest of the organization.

The topics to be discussed include:

  • The two prongs of federal audit policy: For federal and nonfederal audits
  • Financial audit objectives: Accuracy, internal control and compliance
  • Performance audit objectives: Economy, efficiency and program results
  • Audit standards: What are they? Who issues them? Why are they important?
  • Audit criteria: Laws and regulations, and accepted and best practices
  • Audit process: All the events in the life of an audit
  • Audit results: Opinions, reports, findings and recommendations
  • After the audit: How to use audits to improve administration and performance of federal grants and subgrants

Visit http://federalfundmanagement.com/webinars/wg316_070913 for more details and registration information.

Bob Lloyd is 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, "'Man Bites Dog': An Internal Control Lesson for Grantees."

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