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:

1. Understand the various types of audits and auditors involved with federal fund reviews
2. Explore audit activities and programs to know the “playbook” you can expect your auditors to follow
3. Discuss best practices for preparing for and undergoing an audit
4. Share real-life examples of challenges in the audit process and how to best position your organization for success