Making the Single Audit Transition: Moving Smoothly From Circular A-133 to ‘Subpart F’

Webinar • Thursday, March 30, 2017 • 2:00-3:30 Eastern time

Webinar Details

Subject: Post-award

Prerequisites: Some knowledge of federal grant management and audit requirements is helpful

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

If you haven’t met up with it yet, say hello to “Subpart F of 2 CFR 200.” If you have encountered this revised federal audit policy, you need to make sure you know how it’s going to affect your federal grants going forward.

For years, the federal grants community used Office of Management and Budget Circular A-133 as the vehicle under which single audits of federal awards were arranged and performed. That familiar policy informed federal agencies, pass-through entities, recipients, subrecipients and independent auditors on what to do, how to do it and when.

Parts of it worked well, but OMB concluded that it, along with numerous government-wide grants management policies, needed an overhaul. Many stakeholders agreed and weighed in on OMB’s proposals. The result was what some have called the “Super Circular” — officially, the Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (2 CFR 200).

The most visible part of the audit piece, Subpart F of the guidance, has been an upward adjustment in the expenditure threshold that triggers the need to arrange for a single audit. But that’s just the tip of the iceberg. There are a host of other changes that affect how you’ll procure your audit and what to expect in terms of award coverage, audit testing and the resulting audit reports.

Your organization’s audit readiness should start with a smooth transition to Subpart F and this webinar will help you do that. It will alert you to how the federal inspectors general and program managers are already building on your single audit to conduct things like improper payment recovery audits, financial reviews and site visits. It will also show you how your single audit history will affect future award decisions.

You’ll get answers to questions like:

  • What is the new federal award expenditure threshold, and how does it actually kick in?
  • How will the threshold change affect subrecipient monitoring?
  • What is the revised guidance about which federal awards must be covered?
  • How must your procurement of audit services be upgraded?
  • What features should your audit services contracts contain?
  • What new parameters affect how major federal programs will be determined and audited?
  • How has OMB changed its Compliance Supplement to direct audit testing?
  • What can you anticipate when your independent auditor assesses federal program risk?
  • Who can still qualify as a “low risk auditee” and what difference will it make?
  • How will your single audit history affect future funding decisions?

Subpart F covers the most important oversight tool at the disposal of federal awarding agencies and pass-through entities — your single audit. Make sure that you know how it is going to be conducted and used! Join Bob Lloyd, principal of Federal Fund Management Advisor™ and a respected authority on federal grants management policies, for this essential session.


  • Grant and contract managers
  • Sponsored projects administrators
  • Chief executives
  • Finance directors
  • Accounting staff
  • Audit liaisons
  • Subaward administrators
  • Internal auditors
  • External auditors

Hand-out Materials:

Attendees will receive presentation slides as well as access to background materials.

Allowable Charges

The costs of webinars sponsored by Federal Fund Management Advisor™ are allowable charges to your federal grants and subgrants. The cost principles issued by OMB under its uniform guidance (and applicable to all types of awardees) state, “The cost of training and education for employee development is allowable” (2 CFR 200.472).

Attend this Live Webinar and Earn up to 1.5 CPE Credits
Federal Fund Management Advisor™ 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:

Select to add to your shopping cart.

Finally! A practical guide to grants management.

Get practical grants management guidance that blends age-old conventional wisdom
with the historic changes in OMB’s uniform guidance:
Add A Practical Guide to Federal Grants Management -
From Solicitation Through Audit, 2nd Edition
to your order!

This comprehensive resource blends age-old conventional wisdom with the historic changes in OMB’s uniform guidance. You'll benefit from the advice of experts on time and effort reporting, procurement under grants, direct charging certain costs, single audit preparations, subrecipient monitoring and much more. The 500+ page softbound book is a valuable management guide, compliance document and training tool for busy grants managers, program directors, financial officers and auditors at nonprofit organizations, educational institutions, and state and local governments.

This valuable resource will help you and your grants management team:

  • Understand the differences between direct and indirect costs
  • Make the subrecipient vs. contractor determination
  • Realize the full impact of OMB’s emphasis on internal controls
  • Understand which familiar elements of time and effort reporting have been retained in the uniform guidance ... and which are new
  • Know the nuances of requirements for subrecipient assessment and monitoring
  • Understand contract clauses in agreements for procurement under grants
  • Apply the general tests of allowability
  • Understand special issues confronting pass-through entities contracting with foreign organizations
  • Know which clauses flow down when crafting a subaward
  • Understand what is meant by a 10% de minimis indirect cost rate
  • Audit the vulnerabilities in your grants management operation
  • Understand what is meant by audit "resolution"
    ...and much more

A Practical Guide to Federal Grants Management is the best insurance policy there is for limiting your organization’s risk of disallowed costs, loss of federal funding and public relations nightmares. Add it to your order today!

Federal Fund Management Advisor

About Us