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Training Agenda and Registration

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