FFATA and Single Audit Training Day -2024
June 13, 2024
8:30-12:30 P.M.
To Register: https://goto.webcasts.com/starthere.jsp?ei=1669527&tp_key=d3214c518b
At the end of the session, you will be able to:
FFATA Subaward Reporting System and Fundamentals
- Identify and describe the purpose of FFATA and its related reporting requirements
- Identify the process of reporting subawards and modifications using the FSRS system and reviewing submissions using the USASpending.gov portal
- List strategies for ensuring accurate and complete reporting
- Identify and describe common reporting errors and how to avoid them
Single Audit Findings From Across the Country - What Can We Learn From Them?
- Identify common single audit findings for governments
- Identify practices to avoid or resolve findings
- Identify the governments’ responsibly for the corrective action plan
Single Audit Update - Preparing for Significant Changes to Uniform Guidance
- Identify the OMB updates and revised guidance for federal financial assistance to streamline interpretations and decrease administrative strain
- Identify the updates to thresholds, procurements, readability, and others to help the state comply with OMB requirements
- Identify the updates to the OMB Compliance Supplement for 2024
Schedule
8:30-8:35 A.M. Welcome, housekeeping, including CPE info on how to obtain GIB credits, Introductions
8:35-9:50 A.M. FFATA Subaward Reporting System and Fundamentals
Instructed by Amy Scalabrini & Reed Cullen
This session will cover the basics of Federal Funds Accountability and Transparency Act (FFATA) reporting requirements. We will discuss use of the FSRS reporting system, the USAspending.gov portal, tools for review, and suggest strategies for ensuring compliance. This session is designed for individuals responsible for FFATA reporting and subaward issuance.
9:50-10:05 A.M. Break
10:05-11:20 A.M. Single Audit Findings From Across the Country - What Can We Learn From Them?
Instructed by Aires Coleman
This session will cover a compilation of single audit findings for governments reported by CLA, The U.S. Inspector General, and the National Database. Lastly, we will discuss the governments’ responsibility for addressing the finding via the corrective action plan as well as implementing the corrective action.
11:20-11:35 A.M. Break
11:35-12:25 P.M. Single Audit Update - Preparing for Significant Changes to Uniform Guidance and the Compliance Supplement
Instructed by Shannon Weiss, Brandon Glover & Cory Schlee
This session will cover the Office of Management and Budget (OMB) updated and revised guidance for federal financial assistance, including revisions to 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the federal regulations surrounding single audits), and the Compliance Supplement. We will discuss the changes intended to strengthen and streamline administration of federal financial assistance and to help recipients of federal funding “focus more on the people they serve and to deliver results for their communities.” This session is designed for recipient states and organizations to help them prepare for the key changes.
CPE
Prerequisites: None
Program level: Overview
Advance preparation: None
Delivery method: Group Internet Based
Recommended CPE: 4 Credits Auditing (Governmental)
NASBA Statement
CliftonLarsonAllen 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
CPE Sponsor Policies
For more information regarding CliftonLarsonAllen’s CPE Sponsor policies, contact Elizabeth.spencer@claconnect.com