Recorded Webinar: Common Single Audit Deficiencies and How to Avoid Them

Course Description
This presentation provides a high-level summary of common deficiencies found by auditors across all compliance requirements in the testing of federal award compliance. It will discuss each compliance requirement, common deficiencies, and steps that organizations can take to preventing, detecting, or resolving audit deficiencies. The presentation is intended to help solidify grant requirements and shed light on some lesser known requirements for all attendees.

Learning Objectives:

- Identify compliance requirements.
- Understand common single audit deficiencies.
- Learn ways to prevent, detect, and correct findings.

[tiadenisescott]

Great intro to Grants and Contracts Management. I spent 15 years in academia with various sponsored program and procurement departments and adequate grants management systems—Oracle and PeopleSoft. I am now working in a small nonprofit org. with no grants team and QBO as the "major" system.

I will use some of the information here to create a WIP Grants Management Document. Thank you!

[luckysurfer]

Based on the below code, are pass-throughs required to perform audits or hire auditors to detect deficiencies? On-site reviews in my case are grant financial compliance assessments/audit procedures. Single audits do not include all subrecipients or grants. Less than $750K, Type B, etc. Thanks.

§ 200.332 Requirements for pass-through entities.
All pass-through entities must:

(d) Monitor the activities of the subrecipient as necessary to ensure that the subaward is used for authorized purposes, in compliance with Federal statutes, regulations, and the terms and conditions of the subaward; and that subaward performance goals are achieved. Pass-through entity monitoring of the subrecipient must include:

(1) Reviewing financial and performance reports required by the pass-through entity.

(2) Following-up and ensuring that the subrecipient takes timely and appropriate action on all deficiencies pertaining to the Federal award provided to the subrecipient from the pass-through entity detected through audits, on-site reviews, and written confirmation from the subrecipient, highlighting the status of actions planned or taken to address Single Audit findings related to the particular subaward.