Uniform Guidance Update (Currently Unavailable)
Author: Melisa Galasso
| CPE Credit: |
2 hours for CPAs |
This on-demand course, presented by Melisa Galasso, provides the information needed to properly perform and document a single audit under the Uniform Grant Guidance. This lesson will help you recognize and list common deficiencies found in Single Audits, identify the new changes made regarding coverage on fixed amount awards, understand what a non-federal entity must do with respect to the general procurement standards, and more.
Publication Date: November 2018
Designed For
Auditors performing single audits subject to the Uniform Guidance.
Topics Covered
- Uniform Grant Guidance
- New Citations
- Federal Agencies
- Exceptions
- 200.109, Review Date
- Quality Study
- Common Single Audit Findings
- 2018 Mini Supplement
- 200.33, Equipment
- 200.94, Supplies
- FAQ 200.303 ” "Should" vs. "Must"
- 200.204, Federal awarding agency review of merit of proposals
- 200.205, Federal awarding agency review of risk posed by applicants
- Risk Review
- 200.207, Specific conditions
- Procurement Standards (200.317”200.326)
- Procurement Grace Period
- 200.112, Conflict of Interest
- Fixed Amount Awards
- General Standards
- Gifts
- Organizational Conflict of Interest
- Cost Containment
- Records
- T&M
- Local Preferences
- Minority Businesses
- 300.320, Methods of Procurement to be Followed
- 200.330, Subrecipient and contractor determinations
- Major Program Determination & the SEFA
- Auditee Responsibility
- Auditor Responsibilities
- Four”step Approach to Major Program Determination
- Double Check— Percentage of Coverage
- Low Risk Auditee
- Auditor Judgment
- Audit Findings
- Single Audit Report Submission
- 200.511, Audit findings follow”up
- Summary schedule of prior audit findings
- What to Report
- Corrective Action Plan
Learning Objectives
- Recognize and list common deficiencies found in Single Audits
- Identify the five methods of procurement
- Describe how to use the 2018 Compliance Supplement
- Differentiate federal agencies and what each published
- Identify the new changes made regarding coverage on fixed amount awards
- Describe procurement methods preferred for procuring construction
- Identify which situations a non-competitive proposal is considered acceptable
- Differentiate the four step approach to Major Program Determination
- Identify the Type A threshold for federal awards that exceed $20 billion
- Describe the subpart of the Uniform Guidance which doesn't allow for any exceptions
- Identify the requirements of the Office of Management and Budget
- Recognize what a non-federal entity must do with respect to the general procurement standards
- Identify the percentage coverage for a low-risk auditee
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Auditing (Governmental) (2 hours)
Program Prerequisites
Prior experience with Single Audits.
Advance Preparation
None
