Overview: As a result of the CARES Act, many organizations will be subject to single audit for
As a result of the CARES Act, many organizations will be subject to single audit for the federal assistance received. For some, this will be a new wrinkle in their existing single audits. However, for many, obtaining a single audit will be completely new and may seem overwhelming. This course will discuss the steps that organizations should be taking to prepare for a single audit. It will serve as a road map for organizations to follow to ensure they are prepared. This is intended to be a basic overview of single audit for organizations that are not familiar with single audit requirements and planning.
- Outline basic single audit principles
- Review basic terminology and definitions
- Identify single audit requirements
- Outline how to prepare a Schedule of Expenditures of Federal Awards
- Review the requirements for developing internal controls
Joy Feige, a partner at Eide Bailly, has been providing audit, tax and accounting services to a variety of industries, with a primary focus on the nonprofit, hospitality, healthcare and senior living sector. Joy also assists clients with tax-exempt compliance issues, Form 990 requirements and conducts single audits for nonprofit and governmental entities.
When working with Joy, clients can expect timely responses that respect their schedule and deadlines. Joy values a peer-to-peer approach in building relationships. She is confident in her work with years of industry-specific knowledge backed by access to Firmwide resources.
Sarah Ridley, a senior assurance associate at Eide Bailly in the Sioux Falls office, is a Certified Public Accountant with 3 years of experience. She specializes in providing audit and single audit services to clients in the healthcare and not-for-profit sectors, including technical research of grant compliance requirements and supervising and assisting staff with the required testing. When working with Sarah, clients can expect her to care about their organization and take the time to help her clients succeed.
This webinar is free due to the generous sponsorships of Eide Bailly and SDAHO Enterprise. Prior registration is required to ensure connection information and applicable materials are distributed preceding to the webinar. CEUs are available for LNHA.
(Wednesday) 11:00 am - 12:00 pm CST