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OnDemand Course

The Updated Basics of Federal Grants and Single Audit Compliance

Understand what is required to successfully handle an audit, how to remain compliant and remove risk of losing future funding.

Navigating the new terrain of federal grant requirements can be complex and confusing. This information will help both federal grant recipients as well as their auditors understand the basics of what is required for compliance under the Uniform Guidance, what is being audited, and where to go for resources when it comes to control procedures, costs, and audits in the federal grant environment.

Learning Objectives

  • You will be able to identify the basics of Single Audit and Uniform Guidance
  • You will be able to differentiate between the 12 Areas of Compliance
  • You will be able to recognize the basics of allowable and unallowable costs
  • You will be able to identify practices to prepare for an audit

88 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

The Basics of the Single Audit

  • What You Need to Know About 2 CFR Part 200 Otherwise Known as Uniform Guidance
    • Thresholds
    • New Procurement Requirements
    • Public Access to the Single Audit Reports, and Others

The Basics of 14 Areas of Compliance

  • What You Need to Know About Compliance Requirements in a Federal Award Environment
    • Cash Management
    • Period of Availability
    • Subrecipient Monitoring and Others

The Basics of Allowable/Unallowable Costs

  • What You Need to Know About Allowable Versus Unallowable Costs in a Federal Award Environment
    • Audit Costs
    • Depreciation
    • Entertainment, and Many More
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last reviewed on March 8, 2023.

Call 1-866-352-9540 for further credit information.

No Credit Available

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Carol Barnard, CPA, CFE

Carol Barnard, CPA, CFE

Aronson LLC

  • Senior manager in the nonprofit services group at Aronson LLC
  • Has extensive experience with federal funding and Uniform Guidance audit requirements, making her well versed in cost principles and compliance issues
  • Obtained her Certified Fraud Examiner designation in January 2012
  • Member of the Association of Certified Fraud Examiners and a member of the American Institute of Certified Public Accountants
  • Was contributing author and editor of The Financial Management Handbook for Associations and Nonprofits, published by ASAE
  • Licensed in the state of Maryland and Virginia and has been working in public accounting for fifteen years specializing in nonprofit organizations
  • M.B.A. degree in accounting
  • Can be contacted at 301-222-8214 or [email protected]
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

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Product ID: 407519
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