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.
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Note: CPE is NOT available for the recording
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