|Full time Accounting Educator:||None|
This all-day course covers 4 major areas:
(1) How Performance Raises the Bar on Compliance: The uniform guidance merged eight previously separate OMB grant circulars and incorporated other numerous changes to traditional grants administration, from pre-award to post-award, closeout and audit. One significant change that impacts oversight and accountability is the refocus from compliance to performance. This shift results from the priority to reduce waste, fraud, and abuse, and has wide-ranging implications for awarding agencies and their recipients. This presentation provides attendees with increased understanding how performance raises the bar on compliance, and how it impacts both federal agencies and nonfederal entities. This means heightened scrutiny on performance and results, and new expectations.
(2) Budget Preparation and Monitoring: We will cover the steps for preparing a Federal grant budget and budget narrative. We will go through a complete application budget model that includes the SF 424 summary, detailed backup for each line item budgeted, and the associated narrative. The session will include best practices in the development of a budget as well as monitoring tools such as budget vs. actual on a monthly and yearly basis using draw-downs.
(3) What Should Be in a Compliant Procurement Policy: In developing your procurement procedures, have you considered the following items?
a. Defining a contract
b. Difference between contracts and sub-awards
c. Acquisition of equipment and supplies
d. Prescribed levels of purchasing and statutory thresholds recently updated
f. Small purchase procedures
g. Procurement by competitive proposals
h. Pre-Award Evaluation
i. Competitive bids
j. Sole source
k. Post-award monitoring
l. What kind of forms are required
(4) Ten Top Audit Findings and Address Their Resolution:
Your next audit is just around the corner. You'll need to be mindful of the uniform guidance requirements, the annual compliance supplement, program statutes and federal agency regulations, as well as state and local regulations. Federal agencies, auditors and auditees have a lot to monitor and even more to manage. Despite best efforts, it seems the same audit findings habitually create challenges year after year among all recipients and programs. How can recipients better prepare and avoid findings? What are the consequences of noncompliance?
- Explore the structure of the uniform guidance
- Develop an understanding of the federal interest to reduce risk
- Recognize key provisions in the uniform guidance that impact performance.
- Raise awareness of steps that can be taken to transition from compliance to performance
- Explore the different procurement thresholds as they have been updated
- Recognize the difference between a procurement contract and a sub-recipient agreement
- Understand the different roles and responsibilities in procurement
- Receive practical solutions to contract monitoring which is not addressed in the Uniform Guidance
- Obtain practical skills to prepare an application budget that complies with the Uniform Guidance
- Understand the importance and usage of the budget narrative
- Improve knowledge about different monitoring tools once the grant has been awarded
- Recognizing that the preparation of monthly draws must be based on sufficient documentation as they are subject to the False Claims Act
- Understanding the workflow relationships between budgeting, monitoring, and submitting requests for reimbursements
- Develop an understanding of the most common audit findings
- Raise awareness about how to address them
- Recognize the difference between intentional and unintentional acts
- Review strategies to negotiate and resolve findings, including appeals, court, and cooperative audit resolution
- How Performance Raises the Bar on Compliance
- Budget Preparation and Monitoring
- What Should Be in a Compliant Procurement Policy
- Ten Top Audit Findings and Address Their Resolution
If you would like to register for this event, please contact OSCPA at 800-255-1470, 503-641-7200, or email firstname.lastname@example.org.