Session 1: Uniform Guidance Overview
In this module you will learn:
⦁Single Audit Overview
⦁Schedule of Expenditures of Federal Awards -SEFA
⦁How to Determine Major Programs
⦁Compliance Requirements
⦁Reporting
Session 2: Successful Subaward Administration
Uniform Guidance has introduced significant responsibilities for pass-through entities and audit findings have shown that many are still struggling to keep up. The pass-through entity and subrecipient relationship can create additional complexities that strain your organization’s ability to manage your federal programs effectively and compliantly. If your organization issues subawards it is crucial to proactively evaluate your lower tier subrecipients to prevent your exposure to potential non-compliance. In this session, we will cover pass-through entity responsibilities, risk assessments, monitoring best practices, and common pitfalls and how to avoid them.
Session 3: Indirect Cost Recovery: Maximize Cost Recovery on Federal Grants
The Uniform Guidance introduced sweeping changes to administrative requirements, cost principles, and audit requirements for Federal awards to non-Federal entities. These changes brought new responsibilities and opportunities to non-Federal entities. Unfortunately, most publicly available guidance focuses primarily on helping non-Federal entities cope with the added responsibilities, leaving little consideration to the new opportunities that are now available. The most overlooked of these opportunities is the ability, but more importantly the right, to Indirect Cost Recovery. We live in a time where Federal budgets are shrinking and indirect rates are under increased scrutiny by awarding agencies. It has never been more important for organizations to ensure they are efficiently recovering their fair share of indirect costs on Federal awards. If “Set-It-And-Forget-It” is your organization’s current strategy for indirect cost recovery this session is for you!
Session 4: Time and Effort Reporting: Compliance for Your Largest Expense Category
Like all aspects of the Uniform Guidance, OMB attempted to ease the administrative burden and place greater emphasis on sound internal controls concerning time and effort reporting. The new rules take a drastic turn away from rigid requirements for six-month certifications and monthly personnel activity reports. This leaves considerable ambiguity about exactly how Federal award recipients and subrecipients should document their personnel costs. What is the best way to handle accuracy and documentation so that your time records don’t result in disallowed costs? This session helps you understand the cost principle behind time and effort reporting, generating quality supporting documentation, and what’s expected under Uniform Guidance. You’ll get expert guidance on how to respond to the new flexibility—and ambiguity—with high-performance procedures that help keep personnel costs from being questioned and disallowed. You’ll learn about what audit procedures you are likely to face and how organizations that have received findings could have avoided trouble.
Session 5: Managing Fraud Risk through Internal Control
In this module you will learn:
⦁Fraud Risk Triangle
⦁COSO Framework
⦁Detective controls vs preventive controls
⦁Considerations of fraud inAllowable costs
⦁Cash management
⦁Eligibility
⦁Procurement
⦁Reporting
⦁Taking a step back
Session 6: Wrapping it Up
Single Audit findings have shown a steady increase in noncompliance related to the property management standards contained in the Uniform Guidance. These often-overlooked requirements contain prescriptive requirements, that when not followed can carry significant consequences for recipient organizations. If your organization has Federally funded equipment or supplies, this session is a can’t miss learning opportunity for you.
Session 7: Surviving an Audit
In this module you will learn:
⦁Be Ready for Audits Under the Uniform Grants Guidance
(UGG)
⦁Understand risks posed by changes in the UGG
⦁Identify the likely areas of increased focus
⦁How to update policies and procedures for these new focus areas
⦁Interpreting findings and how they will be used
Session 8: CARES Act and ARPA Lessons Learned
In this module you will learn:
⦁CARES Act Lessons Learned
⦁Quick ARPA Overview
⦁Strategy Lessons Learned
⦁Monitoring Lessons Learned
⦁Reporting Lessons Learned
⦁Where Are We Going in Year 2?
⦁Open Discussion
⦁Want More Information?
Meet Your Instructors
Jack Reagan, Partner, UHY
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.
Benjamin Sedelmeier, Manager, Capital Edge Consulting
Benjamin Sedelmeier has over five years of experience in supporting government contractors and Federal award recipients to address various accounting and compliance issues related to Federal government contracts, grants, and cooperative agreements. Ben’s expertise includes but is not limited to Cost Proposal Support, Financial Modeling, Contract Administration, Federal Acquisition Regulations (FAR), Cost Accounting Standards (CAS), and Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal awards to nonFederal entities (Uniform Guidance). Ben is well experienced in working with both government contractors and Federal award recipients of varying size and industry focus. Ben has complied numerous hours supporting clients with the development of indirect rate structures and forensic investigative analyses.
Ben has assisted clients with Business Systems Compliance, Policy and Procedure Development, Indirect Cost Rate Proposal Development, Indirect Rate Structure Assessment, Subrecipient Monitoring Support, Audit Support, and Risk Assessment,
Audit Findings Remediation, Procurement System Compliance, Internal Controls
Assessment, and other regulatory compliance matters.
Levi Zielinski, CPA, Manager, Capital Edge Consulting
Levi Zielinski is a Manager with Capital Edge Consulting, Inc., based in the company’s Pittsburgh, PA office. Levi has over a decade of experience in addressing various accounting and compliance issues related to Federal government grants, and internal control assessments. Levi’s expertise includes Federal Acquisition Regulations (FAR), Defense Federal Acquisition Regulation Supplement (DFARS), FAR Cost Principles, and Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal awards to non-Federal entities (2 CFR 200, Uniform Guidance).
Professional Experience: Levi is well experienced in working with government contractors and Federal award recipients of varying size, complexity, and industry focus in the areas of accounting and internal controls. Levi has also supported clients with Business Systems Compliance, including risk assessment and Policy and Procedure Development. He has also assisted clients with Subrecipient Monitoring, Audit Support, Audit Findings Resolution, and other regulatory compliance matters.
Prior to joining Capital Edge, Levi was an audit manager for Maher Duessel, CPAs, a member of the AICPA’s Government Audit Quality Center. While at Maher Duessel, CPAs, Levi supervised and performed audits over both not-for-profit and governmental entities, including Single Audits under both OMB Circular A-133 and Uniform Guidance, 2 CFR 200, Subpart F (Single Audit).
Professional Affiliations: Levi is a registered CPA with the Pennsylvania Board of Accountancy. He is also a member of the Pennsylvania Institute of Certified Public Accountants (PICPA) and the American Institute of Certified Public Accountants (AICPA).