Thompson Grants a division of CBIS

Assessing Audit Weaknesses: The Most Common Single Audit Findings and Strategies to Avoid Them

Tuesday, November 22, 2016 • 2:00 pm ET/1:00 pm CT/12:00 pm MT/11:00 am PT

Webinar Details

Subject: Grants Management

Recommended Field of Study: Specialized Knowledge and Applications

Advanced Preparation: None

Duration: 90 minutes

Location: Your office or conference room, per telephone connection

Course Description:

No organization receiving federal funding likes having findings reported in the Single Audit. So, what if you could know, in advance, what those findings are likely to be?

That advance warning would spotlight where issues might arise. It would also give you time to bring policies and procedures into alignment before an auditor cites you for failing to comply with some aspect of the Uniform Guidance. Imagine the difference that would make—especially if you’ve had previous findings.

Now, a seasoned auditor is ready to give you this advantage, in time to make all the difference on your next Single Audit.

Register now for Assessing Audit Weaknesses: The Most Common Single Audit Findings and Strategies to Avoid Them.

Troy Rector is an expert at auditing organizations that receive federal grant awards. In this 90-minute webinar, he spotlights today’s most common single audit findings, and the strategies you can use to avoid them. This practical, ready-to-use guidance is valuable to all federal grant recipients—and it’s a must for organizations with a history of findings!

Fix weaknesses before the audit. By revealing the most-common findings, Rector gives you vital early warning on where to focus your own implementation and evaluation efforts. From policies to procedures, you know how to make sure you’re fully compliant with Uniform Guidance. You’ll also have the chance to ask your specific questions during the Q&A portion of the webinar.

Reserve your space now for guidance on avoiding Single Audit findings, including:

  • Today’s most-common audit findings reported in Single Audits, and what triggers them
  • Key strategies for reducing your organization’s risk of findings
  • The Single Audit testing approach under the Uniform Guidance, including how auditors use the Office of Management and Budget’s Compliance Supplement
  • How auditors are required to evaluate Single Audit testing exceptions

With such clear insights on where audit findings are arising—and why—you can do so much to troubleshoot your own audits. Don’t miss this chance to bring your own policies and procedures up to date and into compliance with the Uniform Guidance.

Register now for Assessing Audit Weaknesses: The Most Common Single Audit Findings and Strategies to Avoid Them.

Who Will Benefit

This webinar is of value to any recipient of federal awards, especially t hose with a history of findings. Attendees who will benefit most include:

  • Grants managers
  • CEO/controller-level personnel
  • Accounting and finance staff
  • General/In-house Counsel
  • Internal auditors
  • Independent auditors
  • Program managers
  • Grant managers and administrators
  • Compliance officers

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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  • Know which clauses flow down when crafting a subaward
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