Procurement Standards under Uniform Guidance (Completed)

Uniform Guidance (UG) lays out specific methods of procurement. We will look at the three categories of procurement; 1) Informal, 2)Formal and 3) Noncompetitive. We will look at the perimeters within which the auditee will select their micro-purchase threshold and their simplified acquisition threshold (SAT).

Who Should Attend
This session is for non-federal entities (governments and non-profit organizations along with their auditors).

Topics Covered

• The three categories of procurement
• Changes in the micro-purchase threshold and simplified acquisition threshold (SAT
• The need to document the entities procurement policy

Learning Objectives

• Recognize and apply the updated section of UG on procurement
• Identify the three categories of procurement
• Recognize the need to select and document the entities threshholds

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Auditing (Governmental) (2 hours)

Program Prerequisites
None

Advance Preparation
None