Ace the Single Audit – Use Effective Internal Controls to Comply with Federal Grant Requirements
How can you make sure your organization is in compliance with federal grant requirements? What do you need to do to construct and improve your compliance program? How do you get prepared for a Single Audit? Are you ready for the changes to procurement guidelines? It all comes down to making sure you understand the compliance requirements under Uniform Guidance – and design and maintain effective internal controls to ensure compliance.
In this session, nonprofit auditing and accounting professional Carol Barnard will discuss the 12 areas of required compliance, including cash management, procurement, and sub recipient monitoring, and go in depth on allowable/unallowable cost guidelines.
This session will help you understand the basics of what is required from federal grant recipients for compliance under the Uniform Guidance, how to best approach internal control design in a federal grant environment, and how to prepare for a Single Audit.
In this session, you will learn:
COSO framework for developing internal controls over compliance
What your auditor is looking for in a Single Audit
How to prepare for a Single Audit
How to best approach internal control design in a federal grant environment
NASBA Category of Study: Auditing
Who Should Attend
Accountants of all levels and program managers for federal grant recipients
Applicants that are new to Single Audits and Uniform Guidance and want tips on how to design internal controls over compliance
Carol Barnard, CPA, CFE, MBA, is a Senior Manager in Aronson LLC’s Association Industry Services Group. With more than 10 years of industry experience, Carol has extensive experience with nonprofit audit and accounting issues including federal funding and related Single Audit requirements, cos...