Washington, DC (PRWEB) December 04, 2015
In “Making the Single Audit Transition Now — Moving From OMB Circular A-133 to ‘Subpart F,’” an upcoming Dec. 15 webinar from Federal Fund Management Advisor (FFMA), federal grants expert and FFMA principal Bob Lloyd will offer an overview of Subpart F of the Office of Management and Budget’s (OMB) “super circular,” which governs how federal grant recipients and subrecipients are to arrange and perform single audits.
During the webinar, participants will learn:
- What is the new federal award expenditure threshold and how does it actually kick in?
- How will the change in threshold affect subrecipient monitoring?
- What is the revised guidance about which federal awards must be covered?
- How must requests for audit proposals be upgraded?
- What features should contracts for audit services contain?
- What new parameters affect how major federal programs will be determined and audited?
- How has OMB changed its Compliance Supplement to direct audit testing?
- What can organizations anticipate about how federal program risk will be assessed?
- Who can now qualify as a “low-risk auditee” and what difference will it make?
- How will single audit history affect future funding decisions?
Visit http://federalfundmanagement.com/webinars/wg527_121515 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.