Every summer, the Office of Management and Budget (OMB) engages in a ritual when it tries to roll 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 because it offers them a safe harbor of sorts when auditing under Subpart F of 2 CFR 200, the current federal policy implementing the audit statute.
Release of the draft 2026 Supplement means that those independent auditors can start planning engagements for client fiscal years that began after June 30, 2025. But because the Supplement identifies compliance requirements that are sure to be tested and suggests procedures for how that testing should be conducted, it is also a roadmap to audit readiness for federal grant recipients and subrecipients.
This webinar will cover:
- 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
- How OMB and the federal agencies have designated “higher-risk” programs
- The program impact of the former “Department of Government Efficiency”
- What to know about newly published risk alerts and policy clarifications
This timely and practical session will capture the essentials of the 2026 Supplement from the perspective or 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 provided for employee development is allowable” (2 CFR 200.473).
Attend this Live Webinar and Earn up to 1.8 CPE Credits