August 28, 2018 – 1:33 pm
(The following was excerpted from a recent article in the Federal Grants Management Handbook.) While having updated policies and procedures for federal award funding is critical to ensuring that a nonfederal entity has proper internal controls over the funds, they…
August 14, 2018 – 3:43 pm
When the U.S. Comptroller General expresses concern about federal compliance with laws affecting grant programs, that can’t be a good sign. Speaking this week to the American Institute of Certified Public Accountants’ 2018 Accounting and Auditing Update Conference, Comptroller General…
(The following was excerpted from a recent article in the Single Audit Information Service.) A partner with KPMG LLP and member of the Government Auditing Standards (GAGAS) advisory council recently explained why a requirement for auditors to assess waste and…
Now that 2018 is almost half over, why not turn our attention to 2019? Perhaps one of the most eye-opening statements we heard at this week’s American Institute of Certified Public Accountants’ annual Not-for-Profit Conference at National Harbor, Md., occurred…
As we approach the beginning of summer, we look forward not only to the warming temperatures, but also to getting out and meeting folks in the grants and audit community at the American Institute of Certified Public Accountants’ annual Not-for-Profit…
August 18, 2017 – 9:10 am
(The following was excerpted from a recent article in the Single Audit Information Service.) Government Accountability Office (GAO) officials over the next several months plan to review the more than 90 public comments that GAO received in reference to its…
You would normally think August would be a good time to ease off on big news from the financial assistance front. Not so much, it seems. Still, we’re definitely not complaining.
(The following was excerpted from a recent article in the Single Audit Information Service.) Even though audit industry standards and provisions in the Office of Management and Budget’s uniform guidance require firms conducting single audits to perform procedures to obtain…
Practice makes perfect. That expression can apply to many topics ranging from playing the piano to swinging a golf club. A recent sampling project also shows that it can apply to single audits as well.
Some organizational acronyms pretty much don’t need too much thought. In the food industry, most of us are familiar with IHOP and KFC. In the federal government, you typically don’t have to tell someone the full name of agencies such…
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