Federal Grants Expert to Review OMB’s 2014 Compliance Supplement

The July 8 webinar from Federal Fund Management Advisor will provide a systematic review of the key elements of the new Circular A-133 Compliance Supplement, and demonstrate how organizations can use it to improve their grants management and audit readiness.

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Washington, DC (PRWEB) June 26, 2014

The Office of Management and Budget (OMB) recently rolled out the latest annual version of its Circular A-133 Compliance Supplement — guidance for those who perform audits required under the Single Audit Act. The July 8 Federal Fund Management Advisor webinar, “How to Use OMB’s 2014 Compliance Supplement for Single Audit Preparedness”, will provide participants with a systematic review designed to clarify the key elements of the Supplement and how they’ll be employed in an audit. An added program bonus will be an assessment of OMB’s preview of the 2015 Compliance Supplement, which will be the first one to capture the new and revised grants administration and cost allowability principles emerging from OMB’s federal grant reform initiative.

Federal grants expert Bob Lloyd will provide 60 minutes of presentations followed by 30 minutes dedicated to individual questions. Participants will learn:

  • How do auditors use the Matrix of Compliance Requirements to tailor the scope of an audit?
  • What cross-cutting requirements affecting all federal grant programs will be tested?
  • How do these cross-cutting requirements line up with the sections covering over 200 different federal aid programs?
  • What are “clusters” of programs and how does testing of them differ?
  • What types of documentation will the auditors be looking for?
  • How does the Supplement’s guidance on internal control work?
  • What new or revised requirements will the Supplement contain beginning in 2015?

Visit http://federalfundmanagement.com/webinars/wg421_070814 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, published by Atlantic Information Services. 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 provides recipients and subrecipients of federal funds with accurate, responsible and practical advice concerning the acquisition, administration and oversight of federal grants, cooperative agreements and contracts. Through management, compliance and best practices webinars, and a wide variety of technical assistance capabilities, this advisory service can help organizations navigate effectively in today’s highly charged federal fund accountability atmosphere. Visit http://www.federalfundmanagement.com.


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