M120: ARPA & the Single Audit: The Gift That Keeps on Giving
- Room: Grand F
- Session Number:M120
Monday, July 18, 2022: 2:05 PM - 3:20 PM
Description
Get an update on the Uniform Guidance and audit risks related to COVID-19 funding, including the State and Local Fiscal Recovery Fund (SLFRF). State and local governments can avoid audit findings or owing money to the federal government for money misspent by knowing the new rules.
Key Take-aways
Key Takeaways:
• Auditors performing Single Audits are required to use OMB’s Compliance Supplement Addendum to determine requirements and procedures they must apply to expenditures of new COVID-19 programs, such as SLFRF.
Learning Objectives
Become familiar with the guidance issued in OMB's 2021 Compliance Supplement and Addendums for auditor who perform audits under the Single Audit Act.