Description

In January 2013, the OMB issued a significant proposal that, once finalized, will modify the rules for single audits going forward, and also result in several other key grant reforms. This session will provide the latest on this proposal and explain how will it impact both auditees and auditors. Hear about:
• The specifics of the proposal, significant changes expected, and potential implementation issues to the single audits rules and the OMB Compliance Supplement
• How the underlying cost principles and administrative requirements may be affected
• What is known about the timing and effective date of the final rule issuance
• Other key single audit updates

Speaker(s):

• Mary M. Foelster, CPA, CGMA, Senior Director, Governmental Accounting and Auditing, AICPA
• Brian Schebler, CPA, Managing Director, RSM US LLP