When & Where

September 21 to September 21, 2015

OMB’s New Administrative Requirements, Cost Principles and Audit Requirements: A Deeper Dive for Finance and Administrative Staff

NADO.org > Upcoming NADO Events > NADO Conferences > OMB’s New Administrative Requirements, Cost Principles and Audit Requirements: A Deeper Dive for Finance and Administrative Staff

Overview

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OMB’s New Administrative Requirements, Cost Principles and Audit Requirements:  A Deeper Dive for Finance and Administrative Staff  will occur on Monday, September 21, 2015, 2:00 - 3:30 p.m. (Eastern).

This is the second in a three-part webinar series NADO is offering aimed at helping executive directors, finance officers and other staff learn how the new OMB Uniform Guidance, also referred to as the Super Circular and OMB Grant Guidelines, will impact your organizations.

Click here to register for this webinar.

You must register for each webinar separately; there is a nominal fee to attend ($59 for NADO members, $99 for non-NADO members).  You will receive notification of your registration and a special password with instructions to access the webinar two business days before the scheduled event.

OMB’s New Administrative Requirements, Cost Principles and Audit Requirements:  A Deeper Dive for Finance and Administrative Staff,  will build on the previous session and provide more detailed treatment of those aspects of the U.S. Office of Management and Budget (OMB) “Super Circular” on which finance and administrative staff will need a strong working knowledge.  It will drill down on major policy changes affecting internal controls, subrecipient management and monitoring, time and effort reporting, and cost allowability.  And it will highlight areas where policies and procedures need to be reviewed and perhaps strengthened to create an “audit ready” posture for your organization.

The federal government is in the midst of implementing the most far reaching set of changes to grants management policies in over 40 years. The impact on RDOs is huge. The new rules affect not only how federal agencies will interact with your organization directly but also how state agencies and other “pass-through entities” will make and oversee  subawards you receive.  And they instruct you how to go about handling those duties when your organization is the awarding agency. Significant changes have been made in longstanding policy areas affecting grant application, award administration, and audit. As a result, there are some new vulnerabilities to questioned and disallowed costs and other
sanctions.

Bob Lloyd of Federal Fund Management Advisors will conduct the training, giving  you a unique opportunity to hear from the leading OMB Grant Guidelines expert.

The final webinar in the series will be:

Sorting Out OMB’s Revised Policies on Indirect Cost Recovery is scheduled for Tuesday, October 6, 2015, 2:00 - 3:30 p.m. (Eastern).  One of the major areas of policy change brought about under the federal grant reform package rolled out by the U.S. Office of Management and Budget (OMB) late last year involves recovery of indirect costs. There is probably no area of federal fund management that is the subject of more misunderstanding than that one.  Unfortunately, some of the welcome changes that OMB crafted to try to address misconceptions and misapplication of previous policies have created new questions and concerns.  This webinar will get to the bottom of the letter and intent of the new policies from the unique perspective of regional organizations.  And it will identify strategies and tactics for how to apply them and assure that the full cost of implementing and administering your federal awards can be recovered.

Questions?: Contact Laurie Thompson at 202-624-5948 or [email protected]