[CAFR-Contacts-News] Training: OMB Grant Reforms, March 27, 11 am to 1 pm, SFMS Conference Room

[ROSS Kathryn * CFO]

NASACT Training Webinar

OMB Grant Reforms
Wednesday, March 27, 2013
11:00 AM - 1:00 PM
(Space is limited to 25 seats)

The purpose of this webinar is to learn about the U.S. Office of Management and Budget's (OMB) grant reform proposals in its recently released document, Proposed OMB Uniform Guidance: Cost Principles, Audit, and Administrative Requirements for Federal Awards.  With this massive set of proposals (200 plus pages), OMB is streamlining eight existing circulars into one document.  These include:

*         Administrative Requirements (the government-wide Common Rule implementing Circular A-102, A-110 and A-89),

*         Cost Principles (Circulars A-21, A-87, and A-122), and

*         Audit Requirements (Circulars A-133 and A-50).

OMB seeks to ensure the highest integrity in the financial management and operation of federal programs and to strengthen accountability for federal dollars by improving policies that protect against waste, fraud, and abuse.  At the same time, OMB is attempting to increase the impact and accessibility of programs by minimizing time spent complying with unnecessarily burdensome administrative requirements.

OMB believes that these proposals ensure that grants are awarded based on merit; that management increases focus on performance outcomes; and that rules governing the allocations of federal funds are streamlined, and better focus the Single Audit to reduce waste, fraud, and abuse.

This webinar will focus on a variety of different areas of the proposals and cover specifically the proposed changes to the cost principles and the Single Audit provisions.  Regarding Single Audits, a number of changes are being proposed including revisions to the:

1.     Single Audit threshold

2.     Type A and Type B program determination process

3.     High-risk Type A criteria

4.     High-risk Type B testing

5.     Percentage of coverage rules

6.     Low-risk auditee status

7.     Reduction in the types of compliance requirements to be tested

8.     Questioned cost threshold

9.     Indirect costs and time and effort reporting
Please join OMB's Norman Dong, Victoria Collin, and Gil Tran for this informative two-hour training session.  Importantly, at the conclusion of the presentation, you will have an opportunity to ask questions about specific cases pertaining to your own circumstances.  Since this topic has such far-reaching impact, we encourage you to share information on this webinar with agencies within your state or local government.

Date:



Wednesday, March 27, 2013

Time:



11:00 AM - 1:00 PM


Speakers:



Norman S. Dong, Deputy Controller, OMB
Victoria Collin, Policy Analyst, OMB
Gilbert Tran, Senior Technical Manager, OMB


Location:



SFMS Conference Room
Executive Building, 1st Floor (DAS West)
Department of Administrative Services
155 Cottage Street NE
Salem, OR 97301


CPE:



Two credits

Cost:



Free (Hosted by CFO)

Register:



https://ilearn.oregon.gov/Kview/CustomCodeBehind/Base/Login/Login.aspx
(Keyword: NASACT, OMB)

Materials:



Materials will be emailed to registered participants before the webinar. Participants should print a copy of the materials to bring with them.


Kathryn Ross, CPA
Manager, Statewide Accounting & Reporting Services
Chief Financial Office
Department of Administrative Services
155 Cottage Street NE, U-50
Salem, OR 97301
Phone:  (503) 373-0265
Fax:  (503) 378-3514
http://oregon.gov/DAS/CFO/SARS<http://oregon.gov/DAS/SCD/SARS>

Data Classification: Level 1 - Published

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