This course reviews the recently issued Uniform Guidance that superseded OMB A-133. Highlights include major administrative changes, key terms, subrecipient monitoring, minimum indirect cost rate, internal controls, compensation, and procurement impacting the auditee. Also addressed are key changes impacting auditors, including determination of major programs and auditing the schedule of expenditures of federal awards.
Upon successful completion of this course, participants will be able to:
- Identify how your willingness to change impacts quality in everything you do
- Cite how the Uniform Guidance will effect auditees administering federal programs
- Identify the administrative requirements that were most impacted
- Contrast major program determination under the old OMB A-133 and the new Uniform Guidance
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