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:

1. Explore commonly questioned costs from Single Audit and OIG cost reviews
2. Discuss control challenges often cited in audit results
3. Leverage learnings from audit findings to enhance operations and oversight of federal funds