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Stimulus Funding – Are You Subject to the Single Audit?

October 28, 2020
2:00 PM to 4:00 PM EST

Stacey Lesanto
Email
Technical Support:
844-580-6963

Technical Support
(BDO Employees):
888-236-9111
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  • Summary
  • Course Description
  • CPE Information
  • Presenters

Due to the Stimulus Funds provided, many for-profit as well as nonprofit entities may now be subject to the requirements for a Single Audit. On August 18, 2020 the Office of Management and Budget (OMB) issued the 2020 Compliance Supplement (Supplement) to assist entities as they comply with grant, contract and federal requirements.

Join BDO as we discuss the basic requirements of the Single Audit and thenew Supplement, and how it may help entities comply with the requirements of federal direct and pass-through grants and contracts.
Upon the completion of this course, participants will be able to:
  • Understand the basic requirements of the Single Audit and the new Supplement.
  • Understand the changes to the Supplement and impacts on federal awards.
  • Understand how to identify the compliance requirements that entities must adhere to for those programs that are not specifically listed in the Supplement.
  • Understand the Federal Government’s status on additional guidance for new COVID-19 related programs and existing programs where compliance requirements have changed due to COVID-19.
Lee Klumpp – National Assurance Partner, Nonprofit and Government Practices, BDO USA, LLP
Tammy Ricciardella – National Assurance Director, Nonprofit and Government Practices, BDO USA, LLP
Carla DeMartini – Audit Director, Greater New York Nonprofit and Healthcare Practices, BDO USA, LLP
 
Learning Objectives
  • Recognize the changes to the Supplement and impacts on federal awards.
  • Identify the compliance requirements that organizations must adhere to for those programs that are not specifically listed in the Supplement.
  • Discuss the Federal Government's status on additional guidance for new COVID-19 related programs and existing programs where compliance requirements have changed due to COVID-19.
Delivery: This webinar will be delivered via the BDO Online CPE Network
Prerequisites: None
Advanced Prep: None
Credits: 2.0 CPE credits in Auditing/Governmental technical learning
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