This document summarizes proposed changes to regulations governing federal grants and awards to nonprofit organizations under the Office of Management and Budget's Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Some key proposed changes include increasing the single audit threshold, streamlining compliance requirements subject to audit testing, extending the period for negotiated indirect cost rates, and consolidating guidance into fewer documents. The presentation provides background on the proposed changes and recommends steps organizations can take to prepare for the updated regulations.
The VfM standard sets specific expectations that a provider’s self-assessment must adhere to. Accounts Direction specifies that providers must include a self- assessment in the Operating and Financial Review or Board Report.The self-assessment is a key focus of the HCA’s regulatory activity.
Optimum utilization of funds through the year, minimizing liability of return...ICRISAT
The financial planning process and executing the finance strategy to maximize the utilization of all financial support received within the bounds of ethics and regulatory compliance.
RIA in the context of regulatory policy and governance, and experience of imp...OECD Governance
Presentation by Amber Crofts, Regulatory Reform Branch, Province of British Columbia, Canada, at the Workshop on the Elaboration and Evaluation of RIA at sub-national Level, Cuernavaca Morelos, Mexico, 11-12 November 2014, Session 2. Further information is available at http://www.oecd.org/gov/regulatory-policy/
The future of government fiscal reporting - Vikki Lewis, United KingdomOECD Governance
This presentation was made by Vikki Lewis, United Kingdom, at the 17th Annual Meeting of OECD Senior Management Officials held at the OECD, Paris, on 2-3 March 2017
Responsible Global Spend - Sample Program and TimelineBill Kohnen
Template for Actionable Steps To take For Global Spend Corporate Social Responsibility Program Based on Case Study. Target Audience is One to ten Billion USD revenue Multinational Corporation with Global Operations Sites and Key Supplier base with Headquarters in Country where reporting CSR is important.
The VfM standard sets specific expectations that a provider’s self-assessment must adhere to. Accounts Direction specifies that providers must include a self- assessment in the Operating and Financial Review or Board Report.The self-assessment is a key focus of the HCA’s regulatory activity.
Optimum utilization of funds through the year, minimizing liability of return...ICRISAT
The financial planning process and executing the finance strategy to maximize the utilization of all financial support received within the bounds of ethics and regulatory compliance.
RIA in the context of regulatory policy and governance, and experience of imp...OECD Governance
Presentation by Amber Crofts, Regulatory Reform Branch, Province of British Columbia, Canada, at the Workshop on the Elaboration and Evaluation of RIA at sub-national Level, Cuernavaca Morelos, Mexico, 11-12 November 2014, Session 2. Further information is available at http://www.oecd.org/gov/regulatory-policy/
The future of government fiscal reporting - Vikki Lewis, United KingdomOECD Governance
This presentation was made by Vikki Lewis, United Kingdom, at the 17th Annual Meeting of OECD Senior Management Officials held at the OECD, Paris, on 2-3 March 2017
Responsible Global Spend - Sample Program and TimelineBill Kohnen
Template for Actionable Steps To take For Global Spend Corporate Social Responsibility Program Based on Case Study. Target Audience is One to ten Billion USD revenue Multinational Corporation with Global Operations Sites and Key Supplier base with Headquarters in Country where reporting CSR is important.
Report on Standard Setting Activities - Françoise Flores, IASBOECD Governance
This presentation was made by Françoise Flores, IASB, at the 19th OECD Senior Financial Management and Reporting Officials Symposium held at the OECD Conference Centre, Paris, on 4-5 March 2019
Assessing the Past Decade of the Korean Performance Budgeting Experience by N...OECD Governance
Presentation by Nowook Park at the 10th annual meeting of the Senior Budget Officials Performance and Results Network held on 24-25 November 2014. Find more information at http://www.oecd.org/gov/budgeting
The future of government fiscal reporting - Alan Greenslade, AustraliaOECD Governance
This presentation was made by Alan Greenslade, Australia, at the 17th Annual Meeting of OECD Senior Management Officials held at the OECD, Paris, on 2-3 March 2017
Evaluation and the budget - the role of SAIs -- Leonardo Albernaz, BrazilOECD Governance
Presentation by Leonardo Albernaz, Brazil, at the 11th annual meeting of the OECD Senior Budget Officials Performance and Results network, OECD, 26-27 November 2015
James Gunn, Managing Director, Professional Standards, addresses the 6th Brazilian Conference on Accounting and Independent Auditing June 13, 2016, in Sao Paolo, Brazil.
This slide presentation has been prepared by the IAASB’s Auditor Reporting Implementation Working Group to assist IAASB members, national standard setters, auditors and others promote awareness of the new and revised Auditor Reporting standards within their respective jurisdictions.
NGMA Monthly Training Luncheon
October 21, 2015
Are your Internal Controls in Order? Updating financial management policies to ensure compliance with the new UGG.
Workshop Session II: Public Expenditure Financial Accountability (PEFA) Asses...icgfmconference
Workshop Session II: Public Expenditure Financial Accountability (PEFA) Assessment
Frans Ronsholt, Head, PEFA Secretariat and Franck Bessette, PFM Expert PEFA
Secretariat
The second session looks at the potential for use of PFM assessments based on the PEFA
Framework for reform formulation, country comparison and monitoring of reform results
over time. Each session will be completed with a small case study for participants to work.
This presentation was delivered on July 22, 2020. For more information, or to watch the full webinar, please visit: https://www.ifac.org/knowledge-gateway/contributing-global-economy/discussion/securing-sustainable-finances-advancing-global-approach
In depth comparison of existing and new law to improve the performance of government programs and agencies. GAO staffer Benjamin Licht provided support to Congress in drafting the legislation, so this summary can be seen as authoritative
Should be useful to agencies as they develop their implementation plans.
What you'll learn:
Reasoning behind this new guide
Major changes since 2005
Reasonable compensation changes
Expanded audit guidance
Cognizant agency rules
Report on Standard Setting Activities - Françoise Flores, IASBOECD Governance
This presentation was made by Françoise Flores, IASB, at the 19th OECD Senior Financial Management and Reporting Officials Symposium held at the OECD Conference Centre, Paris, on 4-5 March 2019
Assessing the Past Decade of the Korean Performance Budgeting Experience by N...OECD Governance
Presentation by Nowook Park at the 10th annual meeting of the Senior Budget Officials Performance and Results Network held on 24-25 November 2014. Find more information at http://www.oecd.org/gov/budgeting
The future of government fiscal reporting - Alan Greenslade, AustraliaOECD Governance
This presentation was made by Alan Greenslade, Australia, at the 17th Annual Meeting of OECD Senior Management Officials held at the OECD, Paris, on 2-3 March 2017
Evaluation and the budget - the role of SAIs -- Leonardo Albernaz, BrazilOECD Governance
Presentation by Leonardo Albernaz, Brazil, at the 11th annual meeting of the OECD Senior Budget Officials Performance and Results network, OECD, 26-27 November 2015
James Gunn, Managing Director, Professional Standards, addresses the 6th Brazilian Conference on Accounting and Independent Auditing June 13, 2016, in Sao Paolo, Brazil.
This slide presentation has been prepared by the IAASB’s Auditor Reporting Implementation Working Group to assist IAASB members, national standard setters, auditors and others promote awareness of the new and revised Auditor Reporting standards within their respective jurisdictions.
NGMA Monthly Training Luncheon
October 21, 2015
Are your Internal Controls in Order? Updating financial management policies to ensure compliance with the new UGG.
Workshop Session II: Public Expenditure Financial Accountability (PEFA) Asses...icgfmconference
Workshop Session II: Public Expenditure Financial Accountability (PEFA) Assessment
Frans Ronsholt, Head, PEFA Secretariat and Franck Bessette, PFM Expert PEFA
Secretariat
The second session looks at the potential for use of PFM assessments based on the PEFA
Framework for reform formulation, country comparison and monitoring of reform results
over time. Each session will be completed with a small case study for participants to work.
This presentation was delivered on July 22, 2020. For more information, or to watch the full webinar, please visit: https://www.ifac.org/knowledge-gateway/contributing-global-economy/discussion/securing-sustainable-finances-advancing-global-approach
In depth comparison of existing and new law to improve the performance of government programs and agencies. GAO staffer Benjamin Licht provided support to Congress in drafting the legislation, so this summary can be seen as authoritative
Should be useful to agencies as they develop their implementation plans.
What you'll learn:
Reasoning behind this new guide
Major changes since 2005
Reasonable compensation changes
Expanded audit guidance
Cognizant agency rules
Dart flight school - Dart and Polymer Introductionworktrail
Introduction to Dart and Polymer.dart and how we used the technologie to (re)launch WorkTrail.net - Presentation for the Vienna Dart Flight School at 2014-02-01
Full Version with a few Speaker Notes available at: https://docs.google.com/presentation/d/1inu9oxRumbxXJo7RqoI9zUd2RJM86po1hAlylLF5g7I/edit?usp=sharing
Feel free to share, use and remaster/edit or give feedback for improvements ;-)
The corneal diseases are one of the leading causes of blindness in the world. in most cases, these infections are preventable or treatable.
This seminar provides an overview of the anatomy and physiology of the cornea, as well as an overview of common conditions.
Dynamic Changes Occurring: OMB's Uniform Grant GuidanceStreamLinkSoftware
At this year’s National Association of State Auditors, Comptrollers and Treasurers (NASACT) Annual Conference in Chicago, Illinois, StreamLink Software CEO, Adam Roth, and partner at accounting firm Plante Moran, Michelle Watterworth, presented on UGG’s impact on grant administration and audits.
The final phase of the Office of Management and Budget’s Uniform Grant Guidance is nearly here, which means nonfederal agencies should be gearing up for the changes coming to their Single Audits.
The OMB has put out new direction on how those organizations receiving federal grants handle reporting. Smith & Gesteland presented a seminar explaining the basics of what has been referred to as The Super Circular.
Understanding Single Audit Compliance Requirements - It's No Joke!Citrin Cooperman
Has your not-for-profit organization received federal funding or additional funding under the CARES Act? This informational session discussed audit requirements for organizations receiving federal funds (i.e. Single Audits), reporting considerations, and specific requirements relative to COVID-19 response funds, including Paycheck Protection Program loans, Economic Injury Disaster Loans, Provider Relief Funds, and more.
This webinar provided a 401(k) and pension plan accounting and auditing update for plan sponsors, including management, accountants, and Human Resource professionals. In addition, the presentation provided an update on recent Employee Retirement Income Security Act (ERISA) criminal cases, the outcomes of those cases, and the prosecution.
This document contains the highlights of a presentation made at the EEI Fall Accounting Conference in Miami, Florida on November 15, 2017.
The presentation entitled, “Effective Rate Case Management,” discussed: How the current regulatory landscape is impacting rate cases, how you can improve regulatory outcomes, and how to plan and manage a successful case – lessons learned.
For additional information, please contact us at www.scottmadden.com.
Why is it important to assist your client in the audit process and how can it impact you?
Assisting clients with the audit firm selection process can be an opportunity to add value to your client relationship
Vetting plan audit firms and correspondence may lead to valuable referral relationships
Save clients from the possible risk of fines and penalties
Possible co-fiduciary responsibility in selecting other plan service providers
How to develop a proactive approach for assisting clients with the audit process
Session 1 - audit, accounting and general update September 2023 slidesFelixPerez547899
This session covers a wide range of topics, including the latest on audit, accounting, tax, and vat issues, governance, the next Charity SORP, key Charity Commission and Fundraising Regulator updates and the latest topical issues and how these will impact your organisation. In addition, our in house employment law specialists will give an update on important issues affecting the sector.
Session 1 – Audit, Accounting and general sector round up
ASC 606: Accounting for Contracts with Customers, transforms the way all companies recognize revenue for the sale of goods and services. The implementation of the new standard impacts processes, people and systems for all sectors of the organization from the accounting and finance team to legal and human resources.
Justine Jacob, Senior Manager and Jordan Scheiderer, Director from MorganFranklin Consulting, have spent the last three years assisting public and private companies assess and implement ASC 606 and transform their revenue recognition processes. In this webinar they'll discuss the new standard, share lessons learned from previous implementations and identify the key areas of impact throughout the organization.
EY financial accounting advisory services - Your partner in financeEY Belgium
The EY FAAS team listens to your needs, analyse the business drivers impacting your business and help you shaping the finance tools or processes of the future.
The CMS Innovation Center held the second in a series of webinars on Wednesday, July 6, 2016 for the Support and Alignment Networks under the Transforming Clinical Practice Initiative (TCPI). This webinar focused on providing information regarding the application process.
- - -
CMS Innovation Center
http://innovation.cms.gov
We accept comments in the spirit of our comment policy:
http://newmedia.hhs.gov/standards/comment_policy.html
CMS Privacy Policy
http://cms.gov/About-CMS/Agency-Information/Aboutwebsite/Privacy-Policy.html
Similar to Understanding the A133 Proposed Rule Changes for Nonprofits (20)
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
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how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...Amil baba
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
2. Kathy Beck, CPA
• Over 25 years experience assisting nonprofit organizations with their accounting
and tax issues
• Experience includes audits, outsourced
CFO services, grant administration, Form
990 preparation
3. Agenda
• History and Background
• Highlights of proposed changes
– Audit requirements
– Cost principles
– Administrative requirements
• Steps you can take now to prepare for the
changes
4. Why is OMB considering changes?
• More than 15 years since the last significant view of rules
• Increase effectiveness and efficiency of federal programs
• Eliminate unnecessary and duplicative requirements
• Focus on areas at most risk of improper payments
• OMB’s goal is to concentrate resources on higher dollar
and risk
5. History of Changes
• November 2009 - President called for reducing improper
payments and eliminate waste
• February 2011 - Presidential Memoradum promoting
adminstrative flexibility
• February 2012 - publication of potential changes and
announcing a period for public comments
• February 2013 – publication of Reform of Federal
Policies Relating to Grants and Cooperative
Agreements; Cost Principles and Administrative
Requirements (Including Single Audit Act) with comment
period until May 2, 2013
6. Implementation of Proposed Changes
The Office of Management and Budget has
not indicated the timeframe for the issuance
of a final regulation or a potential effective
date of the regulation once issued.
7. Single Audit Requirements
• Increase audit threshold from $500K of federal
expenditures to $750K
• Entities with less than $750K of expenditures would
make records available for review or audit
• The Type A program threshold is increased from
$300,000 to $500,000.
• The percentage coverage of federal expenditures
required for testing is decreased from 50 percent to 40
percent for regular auditees, and from 25 percent to
20 percent for low-risk auditees.
8. Changes to major program
determination process
• Updated criteria for high-risk Type A programs,
including failure to have an unqualified opinion
on the program, a material weakness in internal
controls, or questioned costs exceeding 5
percent of the program’s expenditures.
• Reduction in the number of high-risk Type B
programs that must be tested from one-half to at
least one-fourth.
9. Effect of Proposed Changes
• Currently more than $600 billion of Federal
Grants and Awards to non-profit
organizations
• Approximately 5,000 Single Audits of
smaller Organizations would be eliminated
under the proposed regulations
10. Reduction of compliance requirements
subject to testing
Compliance requirements subject to testing would be streamlined, with
some requirements removed. They would be limited to the following
areas:
– Activities allowed or not allowed and allowable costs/cost
principles
– Cash management
– Eligibility
– Period of availability of federal funds
– Matching
– Reporting
– Subrecipient monitoring
– Special tests and provisions
11. Compliance requirements removed from
testing would be:
–
–
–
–
–
–
Davis-Bacon Act
Equipment and real property management
Level of effort and earmarking
Procurement, suspension, and debarment
Program income
Real property acquisition and relocation assistance
The OMB will consider requests from agencies to add back certain
compliance provisions where these requirements are essential to
the program as special tests and provisions.
12. Streamlining of Guidance
• Consolidation of the current eight Circulars
into one document
• Consolidation of cost principles into a
single document with limited variations by
type of entity
13. Indirect Cost Rates
– Extending negotiated indirect cost rates for up
to four years
– Allowing an indirect cost minimum flat rate of
10 percent for entities that don’t yet have the
capacity for a full negotiation for no more than
four years
– Requiring pass-through entities to either honor
the indirect cost rate, negotiate a rate in
accordance with federal guidelines, or provide
the minimum flat rate
14. Other Proposed Reforms
• Exploring alternative methods of time and effort
reporting for salary and wages through trial
programs, with the aim of reducing the
administrative burden on organizations in
determining the portion of salary and wages to
be charged to federal awards
• Clarifying thresholds for allowable residual
inventory. Up to $5,000 in supplies can be
carried over to another federal award under
certain circumstances.
15. Administrative Requirements
• One uniform set of administrative requirements for all
recipients by consolidating the current eight sources into
one
• Require pre-award consideration of the merit and financial
risk included in each grant recipient’s proposal
• Agencies must provide 90-day notice of funding
opportunities
• Provides a standard format for announcements of funding
opportunities
16. What do you need to do to prepare?
• Identify new compliance requirements - 2012 compliance supplement
http://www.whitehouse.gov/omb/circulars/a133_compliance_supplement_2012
• Document new internal controls over new compliance requirements
• Prepare SEFA and complete SEFA disclosure checklist
• Consider self-review/internal audit based on suggested audit
procedures in Compliance Supplement
• Be prepared for more federal agency follow-up on findings reported
in Single Audits
• Be aware of common findings
• Make sure corrective action has been implemented on prior year
findings
• Keep up to date on the proposed rule changes and when they will go
into effect
18. Next Steps
1. SEFA Disclosure Checklist
2. New Developments
3. Complimentary Prior Year Single Audit
Review – email Kathy at
kathy.beck@beckcpas.com
19. Beck & Co.
Your TotalAccounting Partner
We have a broad base of managerial accounting and systems
experience and a deep understanding of nonprofit process and
technology that enables us to apply knowledge from the past,
together with up-to-date best practice know-how to help you solve
your challenges and capitalize on the opportunities you face. We
partner with you in each of your engagements, getting to know you
and your unique challenges and objectives intimately. This
combination enables us to develop tailored solutions to increase your
effectiveness and help you achieve the goals of your Mission.
www.BeckCPAs.com
Kathy.Beck@BeckCPAs.com
703-834-0776 extension 8001