22WA-3987: The Sub-Recipient Monitoring Toolkit: IAW Uniform Guidance effective Nov. 12, 2020 (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Date
Wednesday, December 21, 2022
Time
11:00am
-
12:55pm
Central Time
Location
Online
CPE credits
CPE
2.0
Field(s)
of study
Accounting (Governmental) - Technical (2.0)
Fees
|
Standard Member Fee |
$79.00
|
|
Standard Nonmember Fee |
$79.00
|
Description
Before the Uniform Guidance (UG) was promulgated, guidance for subrecipient monitoring was only known to auditors in Requirement M of the compliance supplement. Sub-recipient monitoring is a critical requirement for Pass-Through-Entities (PTE) to ensure programmatic and financial compliance with a particular Federal program. The UG has devoted only 2 sections to sub-recipient monitoring. Consequently, it is important that this session provides an abundance of practical experience through best practices to fill in some of the gaps.
Who should take this program?
Public Accountants, Consultants, Government Contractors and Awardees of
Federal Grants and Cooperative Agreements which include: nonprofits,
institutes of higher education, hospitals, Federal, state, local and tribal units of
government.
Major subjects
-
Best practices of utilizing a sub-award agreement to limit financial exposure with sub-recipient.
-
Best practice of budgetary control over the financial operation of the subrecipient. Performance-based payments to facilitate improved financial monitoring over sub-recipients.
-
Risk-based monitoring.
-
Revision to the UG impacting sub-recipients and PTEs.
Learning objective(s)
-
Understanding the difference between sub-awards and contracts.
-
Learning the important role of sub-award agreements to ensure compliance with sub-recipients.
-
Discovering the myriad of PTE responsibilities.
-
Processes to ensure follow up of sub-recipient audit deficiencies with action plans.
-
How municipal governmental units can utilize unit cost rates in lieu of cost reimbursable payments.
Course code
Code
22WA-3987
Sponsor
NASBA ID#: 107810
Level
Basic
Format
Group Internet Based
Prerequisites
Prereq.
None
Advance
prep
None
If you have questions about this event, please call us at 952-831-2707.
