Thompson Grants a division of CBIS


Webinar • Thursday, June 14, 2018 • 1:00-2:30 p.m. ET


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OnDemand Recording
(Available for viewing
until 06.14.2019)

$249.00 2018 Compliance Supplement: What Has and Hasn't Changed (OnDemand Recording)

Call 1.800.677.3789.

Webinar Details

Subject: Grants Development & Management

Prerequisites: None

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

The 2018 OMB Compliance Supplement contains limited changes. Just as important, however, are sections that haven’t changed since the 2017 supplement, but that continue to cause compliance problems for auditors performing Single Audit engagements.

These sections are often forgotten in planning and performing the audits. That risk increases this year with auditors expected to use the new 2018 supplement in conjunction with the 2017 document.

This new webinar explores the OMB’s most recent changes and the sections that continue to challenge auditors’ compliance.

Register now for 2018 OMB Compliance Supplement: What Has and Hasn’t Changed.

This 90-minute webinar explores the “skinny” 2018 OMB Compliance Supplement, giving auditors and auditees a unique opportunity to master revised sections and to revisit critical sections that were unchanged, but are often overlooked in planning and performing Single Audit engagements. 

Integrating 2018 and 2017 documents.  You will learn how auditors should use both documents to perform Single Audits. You will also benefit from guidance on changes to the micro-purchase threshold. Plus, you’ll have the chance to ask your own questions during the Q&A portion of the webinar.

Reserve your space now to sharpen your understanding of how the latest OMB compliance guidance affects auditors and auditees, including:

  • Changes in the 2018 OMB Compliance Supplement and how to use it in conjunction with the 2017 OMB Compliance Supplement
  • OMB’s latest guidance on the Micro-Purchase Threshold provision
  • How auditors will use the OMB Supplement in performing Single Audit engagements

Remember, even though the 2018 document contains limited changes, new provisions and 2017 provisions will have a major impact on OMB compliance throughout the year. Don’t miss this chance for expert guidance on what you’ll need to know to perform—or pass—Single Audits.

Register now for 2018 OMB Compliance Supplement: What Has and Hasn’t Changed.

This webinar is of value to:

  • CPA firms performing Single Audit engagements
  • Organizations receiving federal grant assistance


Troy Rector

Troy Rector is a principal in the Not-For-Profit and Governmental Services Group at Clark Nuber and has spent his career serving Not-For-Profit and Governmental organizations. He specializes in performing audits of social service, healthcare, low income housing and other organizations receiving federal assistance. He serves on the firm's Technical Issues Committee and leads their Single Audit practice and federal grant compliance training and consulting. Troy serves on the WSCPA Not-For-Profit Conference Planning Committee and is the board chair of a local not-for profit organization. Troy holds a bachelor’s degree in business administration-accounting concentration from Indiana University.

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Finally! A practical guide to grants management.

Get practical grants management guidance that blends age-old conventional wisdom
with the historic changes in OMB’s uniform guidance:
Add A Practical Guide to Federal Grants Management -
From Solicitation Through Audit, 2nd Edition
to your order!

This comprehensive resource blends age-old conventional wisdom with the historic changes in OMB’s uniform guidance. You'll benefit from the advice of experts on time and effort reporting, procurement under grants, direct charging certain costs, single audit preparations, subrecipient monitoring and much more. The 500+ page softbound book is a valuable management guide, compliance document and training tool for busy grants managers, program directors, financial officers and auditors at nonprofit organizations, educational institutions, and state and local governments.

This valuable resource will help you and your grants management team:

  • Understand the differences between direct and indirect costs
  • Make the subrecipient vs. contractor determination
  • Realize the full impact of OMB’s emphasis on internal controls
  • Understand which familiar elements of time and effort reporting have been retained in the uniform guidance ... and which are new
  • Know the nuances of requirements for subrecipient assessment and monitoring
  • Understand contract clauses in agreements for procurement under grants
  • Apply the general tests of allowability
  • Understand special issues confronting pass-through entities contracting with foreign organizations
  • Know which clauses flow down when crafting a subaward
  • Understand what is meant by a 10% de minimis indirect cost rate
  • Audit the vulnerabilities in your grants management operation
  • Understand what is meant by audit "resolution"
    ...and much more