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2021 OMB Compliance Supplement Overview

October 06, 2021
1:00 PM to 2:00 PM EST

Stacey Lesanto
Email
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844-580-6963

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  • Summary
  • CPE Information
  • Presenters
On August 12, 2021, the U.S. Office of Management and Budget (OMB) released the 2021 OMB Compliance Supplement to assist entities, both nonprofit and for-profit, as they comply with grant, contract, and federal requirements. There are significant changes to the Supplement which include the updates made to the Uniform Guidance. Join BDO as we discuss the changes reflected in the Supplement and how it may help entities comply with the requirements of federal direct and pass-through grants and contracts. We will also discuss OMBs plans for a future Addendum to the Supplement to be released later this year.
Lee Klumpp
National Professional Practice Partner - Nonprofit & Government,
BDO USA, LLP

Carla DeMartini
Professional Practice Director - Healthcare & Government,
BDO USA, LLP

Tammy Ricciardella
Professional Practice Director - Nonprofit,
BDO USA, LLP
Learning objectives:
  • Understand the changes to the Supplement and impact on Single Audits
  • Understand how to identify the compliance requirements that entities must adhere to for those programs that are not specifically listed in the Supplement
  • Learn about OMBs plans for an Addendum and what programs may be included
Delivery: This webinar will be delivered via the BDO Online CPE Network
Prerequisites: None
Advanced Prep: None
Credits: 1.0 credit in the field of Auditing - Governmental
Program Level: Basic
BDO USA, LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org