Jan. 22 Webinar to Offer Guidance on New Policies for Implementing the Single Audit Act

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In an upcoming webinar from Federal Fund Management Advisor, participants will learn about the new Single Audit Act implementing policies in OMB’s Uniform Administrative Requirements, Cost Principles and Audit Requirements — and how to smoothly transition into them.

New Single Audit Act implementing policies are now part of a much bigger package and have a brand-new name — “Subpart F.” That’s Subpart F of 2 CFR 200, the Office of Management and Budget’s Uniform Administrative Requirements, Cost Principles and Audit Requirements. The Jan. 22 Federal Fund Management Advisor webinar, “Making the Single Audit Transition — Moving from Circular A-133 to 'Subpart F'” will help organizations understand the new policies and how to smoothly transition to them.

In 60 minutes of presentation followed by 30 minutes devoted to individual questions, Federal Fund Management Advisor Principal Bob Lloyd will provide answers to these, and many other, questions:

  •     Which portions of the uniform guidance will kick in first and how?
  •     What does OMB mean when it mandates that an organization’s single audit history be used in making future grant award decisions?
  •     What will the fallout be from the increased threshold, and when will the change take effect?
  •     How long will certain A-133 provisions continue to affect the audit process and the resolution of audit findings? In what ways?
  •     What changes have been made in instructions to auditors about risk assessment?
  •     How will auditors’ determinations of major federal programs change?
  •     What is the future for the OMB Compliance Supplement?
  •     What impact have changes in government and industry audit standards had on the new policies?
  •     How has OMB tightened the requirements for submission of audit reporting packages, and the criteria for being treated as a “low risk auditee”?

Visit http://federalfundmanagement.com/webinars/wg503_012215 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 A Guide to OMB Grant Reform and several other 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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Shelly Beaird-Francois
Atlantic Information Services
+1 (202) 775-9008 Ext: 3064
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