The Uniform Grant Guidance changed the single audit threshold, exemptions for reporting and use of cooperative audit resolution. In addition, there are new requirements for payroll costs, procurement support and subrecipient monitoring and reporting.

Plus, with federal agencies intending to use audits to recover $50 billion a year in unsupported costs, visits from both independent and government auditors could result in sanctions and remedies that have an ongoing impact on your access to federal funding.

Now is the time to make sure you have the right policies and procedures in place—and that they are being followed. Now is also the time to map out an audit strategy that anticipates questions auditors are likely to ask and the best way for you to respond to potential findings and questioned costs. Here’s where to start.

In this 90-minute webinar, you will learn today’s best strategies for preparing for an audit from Jack Reagan, a UHY LLP audit partner with almost three decades of experience performing financial statement and regulatory compliance audits. From new thresholds and exemptions for reporting, to the use of cooperative audit resolution, he’ll show where the most common single audit findings arise, and how to troubleshoot your own documentation and reporting.

Learn how to modify internal controls. You will zero in on troubleshooting changes you can make now to strengthen your internal controls—especially if you have a history of findings. You will also learn what types of questions to anticipate from auditors so you can prepare your best response. Plus, you will have the chance to ask your own questions during the Q&A portion of the webinar.

Date: Tuesday, April 24, 2018
Time: 10 a.m. - 11:30 a.m.

Credits: 1.5 CPE

LOCATION

Department of Administration
General Accounting Office
100 N 15th Avenue Suite 302.

Please remember to bring your State of Arizona badge to gain access through security.
**You may bring your lunch if you wish. Currently the ADOA Building does not have a cafeteria.

Parking information:

Please park on the lot north of the parking garage or the northeast corner of 15th Avenue and Adams. There are two disabled parking spaces in the visitor section of the garage and three disabled parking spaces in the northeast surface lot. These spaces are NOT restricted by the "2 hour visitor parking" signs.

REGISTRATION INFORMATION

Space is limited, so reserve your place early.

• Sign in to the TraCorp Learning Platform.

If you have not logged in to the new Learning Management Site before, you will need to use your EIN and initial password of “NewUser1” on the first login. Once in, you will have to change your password before proceeding.

• Click “Library”
• Enter “GAOWEB” in the search box.
• Click on “REGISTER” for the session on April 24, 2018.
  • You can see the title of the webinar if you click on DETAILS.
• An email confirmation of your enrollment will be sent to your inbox

CPE: 1.5 credits