Adverse Findings in Grant Audits: Anatomy, Diagnosis and Treatment

December 15, 2011 Webinar - Listen On-Demand or Get a CD!

The On-Demand recording will be available immediately upon purchase* as a link within a PDF file of the accompanying written materials. CDs and printed materials are shipped via USPS.

Unfortunately, for organizations administering federal funds, that means that assertions about noncompliance with federal requirements and deficiencies in internal control can be a fact of life. And, if those findings are sustained by awarding agencies, the consequences can involve repaying disallowed costs, jeopardy to future federal awards, and harm to the organization’s reputation.

But what if the findings are not valid or only partially correct? This webinar will address how to resolve audit findings from the perspective of the auditee, with the objective of reducing adverse impact. Participants will get answers to questions such as:

• What are the types of adverse audit findings?
• What are bases for questioned costs?
• What are the required auditing standards for elements of an audit finding?
• What are the steps for issuing an audit finding?
• What if some of the required elements of a finding aren’t there?
• What are the possible bases for challenging a finding?
• How and when should challenges be mounted?
• What are the steps in the audit resolution process?
• What if the finding is correct?

Level: Intermediate
Prerequisites: Some knowledge of federal grant management and audit requirements is helpful
Advanced preparation: None

Hand-out Materials

Attendees will receive presentation slides as well as primary source reference documents.

Course Instructor

BOB LLOYD is a respected authority on policies and practices affecting the award, administration and oversight of federal grants and contracts. He has nearly 40 years of experience in federal fund management. Prior to starting his management consulting practice in Washington, D.C., in 1982, he served as executive director of the Grants Management Advisory Service. Earlier, he held senior staff positions in two large federally funded organizations. Since forming his practice, he has served under contract to sixteen major federal award-making departments and agencies, and as a consultant, trainer or advisor to recipients, subrecipients and their professional advisors located in all 50 states, the District of Columbia and 18 foreign countries. He has delivered hundreds of training courses on federal fund management topics and has served as principal author or contributor for seven professional reference services.

Who Should Attend?

• Governing Body Members
• Audit Committee Members
• Senior Managers
• Finance Directors
• Grant and Contract Administrators
• Sponsored Program Administrators
• Federal Program Managers
• Principal Investigators
• Internal Auditors
• External Auditors

Shipping Information

CDs (and accompanying written materials) are shipped via UPS. Please give us your street address when you order (UPS does not deliver to PO boxes). You should receive your order within two weeks.* Shipping and handling cost is $12.

The On-Demand Recording will be delivered as a link within a PDF file of the accompanying written materials. Shipping will NOT be charged for this item.

• If you order the On-Demand Recording before the conference date (by itself or in combination with the live Webinar), you will be sent an e-mail with the PDF file attached once the recording is available.*
• After the On-Demand Recording is available*, if you order on this website through our secure shopping cart, you will receive an e-mail, immediately after submitting your order, with a link directing you to download the PDF file. If you order through our customer service department (by phone, mail, fax or e-mail), you will be sent an e-mail with the PDF file attached.

Rush Orders: Please call us at 800-521-4323 to place a rush order.* We will overnight your order for an additional charge of $30, or you can give us your FedEx or UPS account number and we will charge the shipping to your account. Rush orders placed after 3:00pm EST will not be shipped out until the next business day.

*On-Demand recordings will be available within a week of the conference and CDs will be available within two weeks.

For more information regarding refunds, complaints, and/or program cancellations, please contact AIS’s Customer Service team.