Organizations receiving grant funds are subject to a number of requests for detail or support for costs claimed, ranging from funding agency program staff and Single Auditors to OIGs. However, it's not always clear what is expected to be maintained or provided in response to audit requests and what can be considered sufficient supporting documentation. This session will explore common areas of audit findings and dig into details of leading practices for what level and type of supporting documentation is expected for various types of costs.
Learning Objectives
- Explore common audit findings and understand the characteristics that can lead to questioned costs.
- Discuss how to best prepare for and undergo an audit.
- Review examples of audit requests and related leading practices for how to support costs under review.
Who Should Attend
All grant administrators or others involved in documenting and supporting project costs and activities
YOUR EXPERT(S):
David Clark
David Clark is Managing Director and Practice Leader at BDO, assisting recipient of federal grants (including state and local governments, nonprofits, for profits, and institutions of higher education) in several key areas, including full lifecycle grants management, forensics and investigations, financial risk management, excellence in financial operations, and strategy. Over nearly two decades of consulting, David has supported clients in the management and administration of billions of dollars in federal grants and supported clients through audits from OIGs and False Claims Act cases. Prior to joining BDO, he served as a Director in the Risk, Internal Audit, and Cybersecurity consulting practice of another international accounting firm as well as a Senior Internal Audit Manager at one of the country’s leading financial institutions.
Pushmeet Bhatia
Pushmeet Bhatia is a Director in the Industry Specific Services Group at BDO. Pushmeet has over 14 years of experience working with publicly-traded and privately-held for-profit and international companies helping them with managing government contracts and grants issued under different funding streams, with specific experience in policy and process development, and process improvement related to government funding, contract negotiations, contracts and grants related compliance, and cradle to grave subrecipient and subcontract management.
Her expertise includes FAR and 2CFR200 compliance, cost allowability determinations, termination settlement proposals, company policy design, procurement and grants/subrecipient manuals, and process improvement including contract drafts, and process and negotiations training. Pushmeet has supported clients receiving funding from a variety of agencies and funding programs, including projects establishing under APRA, and IIJA. Pushmeet assists clients in understanding unique requirements and conditions applicable to federal funding, break down the terms of each federal award and develop project management tools to assist with day-to-day implementation and compliance.
Pushmeet has also led teams in designing automated procurement and grants systems and served as lead for organizations working with regulatory agencies, third-party auditors and funding organizations -serving as client’s contracts and compliance lead. In this role, Pushmeet represented her clients in the communications and negotiations of contracts, program funding, and associated regulatory reporting.
Utilizing her background in both contracts and grants management, she is able toassist clients in the evaluation and implementation of business processes in order toeffectively mitigate compliance risks while maximizing organizational outcomes.
Pushmeet has previously worked at Management Systems International, a Tetra Tech company, and Palladium Group.
Delivery Method: Group Live
Program Knowledge Level Policy:
The sponsor assures that the program content and program level is appropriate for the intended participants. The knowledge level of the course must be specified so that participants can determine if the program is appropriate for their development needs. Knowledge levels consist of: basic, intermediate, advanced, overview and update. All programs must clearly identify prerequisite education, experience and advanced preparation. A course knowledge level of intermediate, advanced or update inherently has an education or experience prerequisite, which should be included in the program descriptive materials. CPE Standard Reference: Standard 2 and 3.
Refund Policy:
If you are not able to attend for any reason, please notify us as soon as possible. Cancellations received 24 hours prior to the start time of the audio conference are fully refundable. After that, cancellations are subject to a $25 processing fee. If you prefer, you may substitute an upcoming audio conference for the one you originally registered for and avoid the $25 processing fee. All refunds resulting from cancellations will be issued within 72 hours.
Complaint Resolution Policy:
Participants are encouraged to submit complaints as soon as possible to ensure timely resolution. Complaints must include the participant's name, program name, date of the program, and a clear description of the issue. Complaints can be submitted through the following methods:
- Email: afaye@columbiabooks.com
- Phone: 1-800-677-3789
- Mail: Thompson Grants, a division of CBIS, 1500 Wilson Boulevard, Suite 920, Arlington, VA 22209
CONTACT
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