David Clark
Managing Director and Practice Leader, BDO
David Clark is Managing Director and Practice Leader at BDO, assisting recipient of federal grants (including state and local governments, nonprofits, for profits, and institutions of higher education) in several key areas, including full lifecycle grants management, forensics and investigations, financial risk management, excellence in financial operations, and strategy. Over nearly two decades of consulting, David has supported clients in the management and administration of billions of dollars in federal grants and supported clients through audits from OIGs and False Claims Act cases. Prior to joining BDO, he served as a Director in the Risk, Internal Audit, and Cybersecurity consulting practice of another international accounting firm as well as a Senior Internal Audit Manager at one of the country’s leading financial institutions. David is based out of Raleigh, NC and can be reached at dclark@bdo.com.
My Sessions
Session 7: Understanding Federal Funding Audits, Single Audit, OIGs, and More >>
In an era of increasing scrutiny for federal funding recipients, its critical to understand what level of audit or other review is possible for your awards and understand the processes and activities involved in a federal award audit. This session will explore the Single Audit Act and related requirements codified in Subpart F of the Uniform Guidance, the OMB Annual Compliance Supplement, and OIG workplans and reports. Learning Objectives: Understand the various types of audits and auditors involved with federal fund reviews Explore audit activities and programs to know the “playbook” you can expect your auditors to follow Discuss best practices for preparing for and undergoing an audit Share real-life examples of challenges in the audit process and how to best position your organization for success
Session 8: Exploring Common Audit Findings and Ways to Mitigate Audit Risk >>
Each year, tens of thousands of Single Audits are submitted to the Federal Audit Clearinghouse, representing the review of over $1 trillion in federal expenditures. Year after year, these audits reveal the same type of challenges leading to questioned costs or internal control concerns for federal funding recipients. This session will explore the common areas of audit findings and what organizations can do to mitigate the risk of such findings. Learning Objectives: Explore commonly questioned costs from Single Audit and OIG cost reviews Discuss control challenges often cited in audit results Leverage learnings from audit findings to enhance operations and oversight of federal funds