The federal government is funneling billions of dollars to public and private entities. Along with these dollars come unprecedented oversight and accountability that will impact all recipients of these stimulus dollars regardless of the amount received. Organizations’ activities as it relates to this federal funding will be subject to considerable scrutiny at all levels. If your organization is receiving federal funding, you may be subject to Circular A-133 of the Office of Management and Budget (OMB) calling for a single audit of those funds. Even if you have had a single audit in the past, because of ARRA the documentation, reporting and auditor expectations have changed impacting what must happen to prepare for your federal program audit.
Presenters: Eric Formberg, Michelle Watterworth, and Amanda Ward, members of the firm's single audit team.