Single Audit findings have shown a steady increase in noncompliance related to the property management standards contained in the Uniform Guidance. These often-overlooked requirements contain prescriptive requirements, that when not followed can carry significant consequences for recipients and subrecipients. If your department has Federally funded equipment or supplies, this session is a can’t miss learning opportunity for you.

OMB continues to shine a spotlight on the adequacy of the Federal award recipient’s system of internal controls with the inclusion of a section dedicated to adequate internal controls within its annually issued Compliance Supplement. OMB expects all award recipients and subrecipients to have a documented system of controls that provides reasonable assurance that Federal awards are being managed in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award. The proper deployment of these controls is crucial for preventing fraud, waste, and abuse from occurring or detecting these issues once they have occurred. In this session, we will discuss the basic principles of internal controls, the key requirements in 2 CFR 200, differences between preventative vs detective controls, proper segregation of duties, and common controls. Learning Objectives: • Review the guiding Principles of Internal Controls • Discuss key requirements in 2 CFR 200 • Define preventative vs detective controls • Review how to achieve proper segregation of duties • Review common control activities related to high-risk areas

Uniform Guidance has introduced significant responsibilities for pass-through entities and audit findings have shown that many are still struggling to keep up. The pass-through entity and subrecipient relationship can create additional complexities that strain your department’s ability to manage your Federal programs effectively and compliantly. If your department issues subawards, it is crucial to proactively evaluate your lower tier subrecipients to prevent your exposure to potential non-compliance. In this session, we will discuss the pass-through entity responsibilities and will provide examples of how to utilize industry recommended best practices to accomplish the required subrecipient risk assessment, monitoring, reporting, and closeout activities. Learning Objectives: • Best practices for subaward execution • What are the requirements governing the risk assessment process • How to know if you are effectively monitoring your subrecipients • Remedies for Noncompliance

One of the major benefits afforded by the implementation of Uniform Guidance is the ability for award recipients to negotiate indirect cost rates with the Federal government. However, with the recent increase to the De Minimis rate election, some award recipients may struggle with determining which strategy will provide the most value to their departments. Unfortunately, many recipients still have not taken full advantage of the benefits afforded to them under Uniform Guidance. We live in a time where Federal budgets are shrinking and indirect rates are under increased scrutiny. It has never been more important for award recipients to ensure they are efficiently recovering their fair share of administrative costs on Federal awards while giving the appropriate amount of consideration for the administrative burden that indirect rate implementation can create. If “Set-It-And-Forget-It” is your department’s current strategy for indirect cost recovery this session is for you! In this session, we will examine the updates to the De Minimis rate, the Appendices to 2 CFR 200, and learn how to utilize these changes to optimize your department’s current cost recovery practices. Learning Objectives: • Benefits of having a Negotiated Indirect Cost Rate Agreement • Understanding Who can pursue Federally approved Indirect rates • Understanding How to leverage your rates once approved • Best Practices for evaluating your indirect cost recovery practices • Updates to Uniform Guidance