Uniform Guidance Revisions: What You Need to Know
Are you aware of the changes OMB made to Uniform Guidance both to auditee and auditor requirements? Attend this GAQC webcast to learn about those changes and the impact on your single audits.
Format
Webcast
NASBA Field of Study
Auditing (Governmental)
Level
Intermediate
CPE Credits
2
Instructor
Rachel Flanders, Tasha Repp
Availability
3 months
Product Number
WC3197470
Changes to Uniform Guidance and what you need to know
Join this GAQC webcast for an overview of recent revisions to the Uniform Guidance that are now effective and will affect your single audits. These rule changes, which impact both auditees and auditors, are the result of Final Guidance issued by OMB titled: Guidance on Grants and Agreements.
Topics to be covered include:
- A background and overview of the new rules
- Changes to the definition of period of performance, sub-recipient monitoring requirements, and the procurement rules
- Other aspects of the rules beyond the Uniform Guidance revisions
- A review of the effective date provisions and how they are to be implemented
- Other related guidance expected from OMB
- Auditors performing single audits and auditees subject to a single audit
- Uniform guidance
- Single audits
- Procurement
- Sub-recipient monitoring
- Identify the scope of the OMB Uniform Guidance revisions
- Identify the impact of the Uniform Guidance changes on 2021 single audits
- Identify changes to the period of performance, sub-recipient monitoring requirements, and the procurement rules
- Apply related guidance expected from OMB
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