How to Respond Effectively to Grant Audit Findings

Webinar • Thursday, January 30, 2020 • 2:00-3:30 p.m. ET

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$249.00 How to Respond Effectively to Grant Audit Findings (01.30.20) (On-Demand Recording)

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$249.00 How to Respond Effectively to Grant Audit Findings (01.30.20) (CD Only)
Webinar Details

Prerequisites: Some knowledge of federal grant management and audit requirements is helpful

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

Federal grant recipients and subrecipients have learned that having findings in audits of federal awards can be like having the flu — the adverse effects are painful, and it can take a long time to recover. That’s why treating audit findings through prevention and mitigation has always made good sense. And, now that major revised federal policies for grants management are well into implementation, there is another significant reason for applying strong medicine.

In what many recipients are calling the Super Circular, the Office of Management and Budget has ramped up the procedures for risk assessment that federal agencies and pass-through entities must conduct on the organizations that they fund. Prominently featured in the list of factors that OMB says these awarding agencies should consider are results of audits whether performed under the Single Audit Act or other authorities (2 CFR 200.205; 2 CFR 200.331(b)(2)).

So adverse audit findings can easily be used to determine whether your organization will receive a future federal award at all or whether, if it does, it might be subject to “specific conditions” that impose more burdensome restrictions about how the funds will be administered. That’s more than enough reason to understand how grant audit findings are supposed to be presented, how to assess their validity, and how to address them whether or not your organization agrees with them. This webinar will help you do all of that.

You’ll learn about:

  • What instructions federal and nonfederal auditors receive about how to develop the elements of an audit finding.
  • Changes to those instructions under revised single audit policies contained in Subpart F of the Super Circular.
  • How to dissect audit findings to assess the validity of the auditors’ conclusions about asserted noncompliance or internal control deficiency.
  • The bases for questioning grant costs, and how the amounts are supposed to be calculated.
  • How to formulate effective “views of management” that must be included in the text of the audit finding.
  • Elements of a “corrective action plan,” and how they should be presented.
  • What the federal rules say about opportunities to object to enforcement actions.
  • The Federal Awardee Performance and Integrity Information System (FAPIIS), and how grant audit findings will be used to create your organization’s profile.

If you think of federal grant audit findings the same way that you consider blemishes on your personal credit report — as things that will adversely affect the extent and quality of your financial relationships going forward — addressing them fully and effectively is an essential task. Join Bob Lloyd, principal of Federal Fund Management Advisor™, for this practical review of how to address that appropriately.


  • Grant and contract managers
  • Sponsored projects administrators
  • Program managers
  • Business officers
  • Finance directors
  • Accounting staff
  • Audit liaisons
  • Principal research investigators
  • Internal 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

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Finally! A practical guide to grants management.

Get practical grants management guidance that blends age-old conventional wisdom
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Add A Practical Guide to Federal Grants Management -
From Solicitation Through Audit, 2nd Edition
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This comprehensive resource blends age-old conventional wisdom with the historic changes in OMB’s uniform guidance. You'll benefit from the advice of experts on time and effort reporting, procurement under grants, direct charging certain costs, single audit preparations, subrecipient monitoring and much more. The 500+ page softbound book is a valuable management guide, compliance document and training tool for busy grants managers, program directors, financial officers and auditors at nonprofit organizations, educational institutions, and state and local governments.

This valuable resource will help you and your grants management team:

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  • Make the subrecipient vs. contractor determination
  • Realize the full impact of OMB’s emphasis on internal controls
  • Understand which familiar elements of time and effort reporting have been retained in the uniform guidance ... and which are new
  • Know the nuances of requirements for subrecipient assessment and monitoring
  • Understand contract clauses in agreements for procurement under grants
  • Apply the general tests of allowability
  • Understand special issues confronting pass-through entities contracting with foreign organizations
  • Know which clauses flow down when crafting a subaward
  • Understand what is meant by a 10% de minimis indirect cost rate
  • Audit the vulnerabilities in your grants management operation
  • Understand what is meant by audit "resolution"
    ...and much more

A Practical Guide to Federal Grants Management is the best insurance policy there is for limiting your organization’s risk of disallowed costs, loss of federal funding and public relations nightmares. Add it to your order today!

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