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PREPARE FOR THE ANNUAL AUDIT: DOS AND DON’TS FROM A SEASONED AUDITOR

Webinar • Tuesday, May 18, 2021 • 1:00-2:00 p.m. ET

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$249.00 Prepare for the Annual Audit: Dos and Don’ts From a Seasoned Auditor. (05.18.21) (OnDemand Recording)

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Webinar Details

Prerequisites: None

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

Grant auditors are expanding federal and state subrecipient monitoring. Donors and taxpayers want more transparency on how monies are being spent. The result is that the results of financial statement audits and Uniform Grant Guidance audits are more visible than ever before.

That’s why the way you prepare for annual audits must be more effective than ever before. But what does “effective” entail?

Let an experienced grant auditor clarify steps that can make the biggest difference during preparation, the audit itself and when the report is issued.

Register now for Prepare for the Annual Audit: Dos and Don’ts From a Seasoned Auditor.

In this one-hour webinar, UHY Partner Jack Reagan mines his experience as an auditor to share “dos and don’ts” that can improve the way you prepare for and undergo your next financial statement or Uniform Grant Guidance audit.

Fix “red flags” before auditors arrive.  In mapping out how annual audits are developed, Jack Reagan shows you how to make your preparation more targeted to make our audit more successful. Plus, you’ll have the chance to ask your own questions during the Q&A portion of the webinar.

Reserve your space now for expert guidance that takes the guesswork out preparing for your annual audit, including:

  • When an audit is required
  • The basic phases of the financial statement audit
  • The basic phases of the Uniform Grant Guidance audit
  • The various reports you’ll receive at the end of the audit
  • Auditor “red flags” that will bring additional audit scrutiny
  • How to present the annual audit results to your Board

You’ll come away from this webinar ready to apply auditor insights that can save your staff time during the audit process—and minimize potential problems.

Register now for Prepare for the Annual Audit: Dos and Don’ts From a Seasoned Auditor.

Who Will Benefit:

This webinar is of value to all government and not-for-profit organizations. Attendees who will benefit most include:

  • Chief Financial Officer
  • Director of Finance
  • Director of Budget
  • Accounting Manager
  • Grants Manager

YOUR EXPERT(S):

Jack Reagan

Jack Reagan is a Partner at UHY LLP in Columbia Maryland with over thirty years of experience in the audit and evaluation of federal, state and local government and not-for-profit financial statements, internal controls, and accounting and financial management systems and operations. He has overseen numerous projects demonstrating his extensive knowledge of accounting, financial management, auditing and budget to include developing and revising operating policies and procedures for federal and state and local government agencies and designing or evaluating financial reporting internal controls. He has also conducted numerous Single Audits and Uniform Grant Guidance audits, both in the Washington DC area as well as nationally.  He is a widely sought-after speaker on governmental accounting, auditing and grants management topics.

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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, 3rd 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
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  • 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
Take Your Audit Preparations One Step Further.
Register your team for Thompson Grants’
Audit Strategies for Auditors and Auditees eLearning Course today!
From identifying where the most common findings arise, to ways to troubleshoot your own documentation and reporting, you’ll “graduate” from this course ready to make sure you have the right processes in place—and that they’re being followed.
This course will help you:
  • Recognize most common audit findings
  • Identify varied monitoring techniques
  • Understand the focus on risk in the uniform guidance
  • List steps to prepare for a site visit
  • Review changes to the new SF-SAC form
  • Identify requirements in the compliance supplement
  • Gain awareness of a new audit resolution strategy
  • Review considerations for formal audit appeals
Add the comprehensive Audit Strategies for Auditors and Auditees eLearning
Course to your cart for only $299! Additional users are available for $99 each.

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Techniques for Monitoring Federal Subawards is a no-nonsense guide to understanding increased responsibilities under the uniform guidance for pass-through entities, subrecipients and contractors alike. Add it to your order today!
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Add the digital version of the Federal Grants Management Handbook to your order and get all of these additional features for only $16 more a month!
  • The Federal Grants Management Handbook in print, along with quarterly updates to the handbook and a monthly print news service.
  • A digital, searchable version of the Handbook housed on the Thompson Grants Compliance Expert’s easy-to-use online portal
  • Practical Tools and Resources including government forms and reports, useful links, templates, worksheets and tools, a ready-to-use sample audit checklist and more!
  • Rolling updates as regulations change to ensure the compliance information you rely on is always the most current
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  • Practical Tools and Resources including government forms and reports, useful links, templates, worksheets and tools, a ready-to-use sample audit checklist and more!
  • Rolling updates as regulations change to ensure the compliance information you rely on is always the most current
  • Weekly Email News alerts so you are always up-to-date and in-the-know about the latest grants headlines and how they impact you
  • One Centralized Location for All Relevant Guidance and Regulations – say goodbye to hopping from site to site trying to find the information you need!
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