Every year, the U.S. Office of Management and Budget (OMB) rolls out the massive grant audit guide called the Compliance Supplement. The document is eagerly awaited by independent auditors who perform audits under the Single Audit Act, as well as grantee organizations.
OMB has stated that, “for the compliance requirements related to Federal programs contained in the compliance supplement, an audit of these compliance requirements will meet the requirements [of Subpart F of 2 CFR 200],” the current federal policy implementing the audit statute. So, the document is often referred to as a “safe harbor.”
However, the Supplement is also a roadmap to audit readiness for federal grant recipients and subrecipients because it identifies compliance requirements that are sure to be tested and suggests procedures for how that testing should be conducted. It includes a set of directions for preparing for your single audit.
You’ll learn about:
- How auditors use the Supplement to determine which requirements to test
- The key compliance features of OMB’s cross-cutting administrative and cost policies
- Which federal grant programs and clusters have unique requirements that must be tested
- The types of documentary evidence likely to be sought by auditors
- How OMB and the federal agencies have designated “higher risk” programs for this year
- What to know about new risk alerts and policy clarifications
- How possible wide-ranging changes to the uniform guidance could impact the Supplement
This timely and practical session will capture the essentials of the 2026 Supplement from the perspective of recipients and subrecipients and will help assure your organization’s audit readiness.
Who Should Attend:
- Grant and contract managers
- Sponsored projects administrators
- Finance directors
- Audit liaisons
- Accounting staff
- Internal auditors
- Grant project directors
- 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 1.8 CPE Credits