Tag Archives: single audit

COFAR Webinar Discusses How Much Internal Control Is Enough

Call it the “pillow test.” Or perhaps the “snooze factor.” These seemed to be good terms to use for determining the level of internal control that a recipient needs under the uniform grant guidance after hearing from a couple of…

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OMB’s Uniform Grant Guidance Single Audit Effective Date – Simplified!

We’ve spent a great amount of effort in our articles and handbook updates explaining that the Office of Management and Budget’s uniform grant guidance becomes effective for federal funds awarded on or after Dec. 26, 2014. However, things haven’t been…

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A Lesson Learned from My Recent Golf Outing — Part 2

Back about a year-and-a-half ago, I wrote a blog post about a round of golf I played with my brother. The post basically discussed how terribly I played because it was the first time I had played in two years…

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Why Auditors Aren’t Perfect

With the massive amount of federal dollars issued in grant awards these days, I’m all for ensuring that they are spent appropriately. To that end, having auditors conduct Circular A-133 single audits, as well as other types of audits, is…

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Trying to Keep Federal Agencies in Line

If you got a chance to view the Office of Management and Budget’s webinar on OMB’s proposed grants reform guidance, you got to see OMB’s Norman Dong respond to questions from a panel of key grant and audit organization heads about…

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A Birthday and a Proposal — Wow, What a Day!

Well, folks, we in the Thompson grants group are all atwitter (or as amped up as you can be in at a relatively quiet publishing company) today because we are marking not one, but two special occasions.

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A Truly Difficult Balancing Act

On Monday, the National Grants Management Association kicked off its annual training conference in Alexandria, Va., with a hefty discussion on the Office of Management and Budget’s notice of proposed guidance. The importance of this notice and the potentially dramatic…

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The $2 Million Question, Part 2

In today’s digital age, we’re growing ever more accustomed to instant feedback. Send an e-mail to a colleague and within minutes, you receive a reply. Post something on Facebook and a friend soon shares their feelings on the same issue.

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What You Don’t Know Can Really Hurt You

How many grantees out there can honestly say they’ve read their grant terms and conditions cover to cover? Now, what about the federal grant administrative and cost principle circulars? Do you know everything they require? Do you even know who…

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Sneak Preview: Wash. State Officials Plan To Post Best Practices

Washington state financial management officials plan to post best practices and tools online to help its state agencies encourage grantee compliance and reduce grantee internal control weaknesses.

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