Self-Study
5
Basic
Auditing (Govmnt)
There are no prerequisites.

Course Description

Truth is stranger than fiction when it comes to the creative way that grantees use their grant resources. Let Sefton and Bill, auditors with over 70 combined years of federal, state, and municipal audit experience, guide you through the dos and don'ts of spending federal grant dollars. Auditors of federal programs use the cost principles as criteria to evaluate compliance with contract provisions. The cost principles apply to almost all federal grant programs and contain specific prohibitions against entertainment and some legal fees. The cost principles also advise grantees on how to document payroll expenditures.



Instructors

Sefton Boyars, CPA, CFS, CGFM, CIA

Sefton Boyars, CPA, CFS, CGFM, CIA, was the U.S. Department of Education’s regional inspector general for audit in regions IX and X until he retired in 1996. During his 35-year career, Sefton worked for a variety of federal and local government audit agencies. He’s a member of the California Society of CPAs and was a long-time chair of his chapter’s combined committee on accounting principles and auditing standards and government accounting and auditing.

Sefton is a past chair of the Western Intergovernmental Audit Forum and often served as chair or cochair of its subcommittees and roundtables. He’s also an experienced trainer and has taught for numerous organizations, including federal, state, and local governments; professional associations; the USDA Graduate School; and Management Concepts, Inc. Sefton received the Association of Government Accountant’s National Education and Training Award for 1998.

William T. Allen, CPA (ret.)

Originally from the San Francisco Bay Area, Bill has 30 years of federal audit and contract monitoring experience. He served as the U.S. Department of Education’s Regional Inspector General for Audit for Regions VII, VIII, and X. Mr. Allen also served as Region IX’s Assistant Regional Inspector General for Audit. In these capacities, he managed the planning, performing, and reporting for performance and compliance audits of public and private (nonprofit and for-profit) educational and health-related organizations.

He has led a peer review for a major government department and, throughout his career, has participated on numerous projects designed to improve organizational efficiency and effectiveness.

He received his Bachelor of Science in Accounting from California State University, East Bay. Mr. Allen was a CPA, licensed in state of Missouri from 1990-2007 (currently inactive).

Mr. Allen served as an instructor for the Graduate School (formerly USDA-Grad School) and the Association of Government Accountants. Mr. Allen served as president of the Sacramento AGA Chapter, co-chair for the Mountain and Plains Intergovernmental Audit Forum, and a member of the Executive Committee Mid-America Intergovernmental Audit Forum.



Course Specifics

Auditing (Govmnt)
Sep 28, 2017
There are no prerequisites.
SS5173170
138
None


Compliance Information

103220
Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Differentiate between principles applicable to state and local governments and nonprofits
  • Define key government regulators and their related acronyms
  • Identify how to sequence the four layers of rules governing grants

Chapter 2

  • Identify whether an item of cost is allowable per the cross-cutting principles
  • Cite the allowability principle that has been violated in various scenarios

Chapter 3

  • Identify the difference between an indirect cost and a direct cost

Chapter 4

  • Identify which costs are usually allowable and which are unallowable

Chapter 5

  • Identify which compensation charges are allowable under a federal award and what documentation is required

Chapter 6

  • Identify which professional service costs are allowable under a federal award
  • Cite which legal costs are allowable under a federal award
  • Distinguish between lobbying costs and normal operating costs of a program
  • Determine how to treat services donated in support of a federal award

Chapter 7

  • Identify how to recover building and equipment costs
  • Distinguish between idle capacity and idle facilities and related allowable costs
  • Identify which costs are allowable as rearrangement and alteration costs
  • Identify which rental costs are allowable in various scenarios

Chapter 8

  • Identify under which conditions morale costs, fines and penalties, insurance, interest, and membership costs are allowable costs
  • Distinguish between allowable and unallowable pre-award costs, taxes, and travel costs


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Online Access

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Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

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