Subrecipient Monitoring Under Uniform Guidance
Author: Diane Edelstein
| CPE Credit: |
2 hours for CPAs |
Uniform Guidance has expanded the requirements for Passthrough entities when it comes to subrecipient monitoring.
Publication Date: March 2019
Designed For
Nonprofits and Governments that pass federal funds on to others and the auditors.
Topics Covered
- Overview of Uniform Guidance
- Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
- What is a Subrecipient?
- Roles & Responsibilities of Passthrough Entities
- Monitoring Best Practices
- Other Items of Note
- Risk Assessment Considerations
- Auditor Considerations
- Relevant COFAR FAQ
Learning Objectives
- Differentiate between a subrecipient and a contractor
- Recognize the additional role of the Pass-Thru entity to do subrecipient monitoring
- Identify risk assessment of subrecipients
- Recognize and apply monitoring objectives and tools
- Differentiate subparts of the Uniform Guidance prescribing audit requirements
- Identify characteristics of a contractor with respect to the subrecipient/contractor determination
- Identify requirements for a passthrough entity
- Recognize optional subrecipient monitoring activity
- Identify the role of a monitor
- Differentiate correct statements wit respect to risk assessment considerations
- Recognize effective fiscal years for audit requirements prescribed by Uniform Guidance
- Identify characteristics of a subrecipient with respect to the subrecipient/contractor determination
- Identify a technique for conducting monitoring activities
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Auditing (Governmental) (2 hours)
Program Prerequisites
None
Advance Preparation
None
