Audits are likely the most prominent feature of the federal government’s defense against noncompliance in federal grant programs. Whether they are conducted by independent auditors engaged by recipients or subrecipients under the Single Audit Act, or by the federal offices of inspectors general, there are some predictable patterns that emerge when you examine reports in which findings and questioned costs are listed.
Examining information about where noncompliance has surfaced elsewhere can help generate a list of compliance vulnerabilities. That’s what we’ve done for this webinar. We will examine the following vulnerabilities and cite the federal policy requirements that apply and suggest practical steps you can take to prevent and contain any negative fallout:
- Ineligible activities
- Unallowable costs
- Unsupported costs
- Absence of prior approval when required
- Failure to post applicable credits
- Unauthorized noncompetitive procurement
- Missing required contract cIauses
- Inadequate contractor oversight
- Missing or untimely FFATA reporting
- Substandard records on grant-acquired property
- Failure to adhere to administrative limitations in an award
- Misapplication of program income
- Absence of financial procedural checks and balances
WHO SHOULD ATTEND:
- Grant managers
- Grant project directors
- Sponsored projects administrators
- Executives
- Finance directors
- Accounting staff
- Purchasing agents
- Internal auditors
- External auditors
Hand-out Materials:
Attendees will receive presentation slides as well as access to background materials.
Allowable Charges
The costs of webinars sponsored by Federal Fund Management Advisor™ are allowable charges to your federal grants and subgrants. The cost principles issued by OMB under its uniform guidance (and applicable to all types of awardees) state, “The cost of training and education for employee development is allowable” (2 CFR 200.472).
Attend this Live Webinar and Earn up to 1.5 CPE Credits