Thompson Grants a division of CBIS

TIME AND EFFORT REPORTING: AVOIDING COST DISALLOWANCES IN 2018

Webinar • Wednesday, January 17, 2018 • 1:00-2:30 p.m. ET


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OnDemand
$249.00
(Available for viewing
until 01.17.2019)



$249.00 Time and Effort Reporting: Avoiding Cost Disallowances in 2018 (OnDemand)

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Webinar Details

Prerequisites: None

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

Under Uniform Guidance, non-federal entities face the very real possibility of having their labor costs disallowed. That’s because while the new rules take a welcome turn away from six-month certifications and monthly personnel activity, they create considerable ambiguity about exactly what is required.

Unless you eliminate that confusion at the start of 2018, auditors could question the accuracy of your time and effort reporting and the reliability of your documentation. Audit findings could even lead to cost disallowances.

Don’t put your funding at risk! Instead, put the right practices in place to handle time and effort reporting to the high standards auditors will expect.  Here is where to begin.

Register now for Time and Effort Reporting: Avoiding Cost Disallowances in 2018.

This 90-minute webinar clears the confusion over how federal award recipients and subrecipients should document personnel costs under the Uniform Guidance. Your guide is Capital Edge Consulting’s Dan Durst, an expert on federal grant and contract accounting and compliance, who provides step-by-step guidance on putting a reliable reporting system in place and preparing for a finding-free audit.

High-performance procedures for protecting your funds.  You will learn proven strategies for cutting through today’s compliance ambiguity with a practical system for documenting and reporting personnel costs. You will get early-warning on what to expect during an audit—and how to be ready to demonstrate accountability and performance. Plus, you will have the chance to ask your own questions during the Q&A portion of the webinar.

Reserve your space now for the know-how to keep personnel cost reporting from triggering audit findings, including:

  • Clear understanding of time and effort reporting under the Uniform Guidance
  • How to apply the new compensation cost principles
  • Best practices for developing a system for reporting time and effort
  • Audit procedures to anticipate
  • Recent time-and-effort-reporting findings and how to avoid similar issues with auditors

Remember, the Uniform Guidance makes major changes in what auditors expect with time and effort reporting.  Begin the year with best-practice processes—and documentation—to keep personnel costs from being questioned and disallowed.

Register now for Time and Effort Reporting: Avoiding Cost Disallowances in 2018.

This webinar is of value to state and local governments, Indian tribes, institutions of higher education, nonprofit organizations and any non-federal entity receiving federal funds. Attendees who will benefit most include:

  • Chief Financial Officer
  • Controller
  • Director of Finance
  • Payroll Manager
  • Grants Administrator
  • Program Manager
  • Accounting and Finance Staff
  • Internal and External Auditors

YOUR EXPERT(S):

Dan Durst

Dan Durst is a Manager at Capital Edge Consulting, with extensive experience in various accounting and compliance issues related to Federal government contracts and grants. Dan’s areas of expertise include Cost Accounting Standards (CAS), Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal awards to non-Federal entities (Uniform Guidance), Federal Acquisition Regulation (FAR), and Defense Federal Acquisition Regulation Supplement (DFARS). Dan is also well-versed in various levels of audit support including DCAA, Single Audit, and Inspector General audits. Dan’s industry experience includes defense, nonprofit, and public sector. Dan has assisted clients with Indirect Cost Rate Proposal Development, Indirect Rate Structure Assessment, Subrecipient Monitoring Support, Audit Support and Risk Assessment, Audit Findings Remediation, Procurement System Certification, Internal Controls Assessment, Forensic Investigations, Grants Closeout Support, and other regulatory compliance matters. Prior to joining Capital Edge, Dan was an audit supervisor and lead consultant for Clarke Leiper PLLC, a member of the AICPA’s Government Audit Quality Center. Dan has previously held security clearances with the U.S. Department of Defense, including Secret Clearance. While contracted by the U.S. Department of State Dan conducted audits and analysis at the U.S. Embassies in 19 foreign countries. Dan has supervised and performed several Single Audits under both OMB A-133 and the new Uniform Guidance. Dan holds a Bachelor of Science degree in Accounting with a minor in Information Technology and a Masters of Business Administration with a concentration in Accounting from George Mason University.

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