The phrase “fraud, waste and abuse” is being uttered a lot these days. Questionable assertions about widespread mismanagement of federal grant programs are being used as justification for the “chain saw” attempts by Elon Musk’s “Department of Government Efficiency” to empty out numerous federal grantor agencies and to terminate their assistance awards. Some lawsuits filed in response will end up at the Supreme Court.

In the meantime, the routine administration of existing grant awards goes on. And the federal government’s first line of defense against mismanagement of grant funds continues to be carefully conducted audits. The largest annual cohort of single audit reports issued by nonfederal auditors is due for submission just now. These cover expenditures made using massive amounts of post-COVID program funds.

There’s plenty of political appetite for discrediting programs of the previous administration. What better way to do that than pointing to audit findings? So, with audits still taking center stage, what should grant recipients expect? This webinar will answer that question by covering:

• The two prongs of federal grant audit policy
• The federal offices of inspectors general:
  • Pending litigation and how it affects recipients
  • Who’s still “at home”?
  • How are they assuring audit coverage of your grants?
• Recipient and subrecipient single audit duties
  • Required criminal law disclosures (2 CFR 200.113)
    • Self-disclosure (2 CFR 200.329)
  • Transition to the new $1M expenditure threshold
  • The special rules for procurement of audit services
  • Preparation of the Schedule of Expenditures for Federal Awards (SEFA)
  • Understanding auditors’ field work and reporting
    • OMB’s Compliance Supplement
  • Proactive resolution of audit findings
• The impact of audits on future funding
  • Recoupment of funds
  • Required pre-award risk assessments

• It isn’t likely to be “business as usual” for a while. Understand this highly charged accountability atmosphere now. 

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