Thursday, May 21, 2020 at 9:00 AM MST
Friday, May 22, 2020 at 4:00 PM MST

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Silver Legacy Resort;                                     407. N. Virgina, St;                                        Reno, NV 89501



Ben Nuvamsa 
KIVA Institute, LLC 

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Single Audit Act:  Preparation & Follow-up - ONLINE SESSION
I Will Learn:
  • A review of the Single Audit Act
  • A Review of the new OMB Super Circular, Subpart F – Audit Requirements
  • Review of Indian Self-Determination Act financial reporting requirements
  • The Financial Statement Audit – What is it?
  • How to Prepare for Audits (Preparing Schedules)
  • What government agencies look for (cash surplus/deficit, grant receivables, “Due To – Due From”, accounts, deferred revenues, balance sheet reconciliation; closing entries)
  • What auditors look for (Statement of Expenditures for Federal Awards (SEFA) Schedule, audit report findings, significant deficiencies, material weaknesses)
  • What is a reportable condition?
  • Common types of findings – How to avoid them (lack of reporting, lack of documentation, questioned costs, segregation of duties)
  • Resolving disallowed costs
  • Federal sanctions for non-compliance
  • How non-compliance affects your organization for future federal awards
  • Collection of disallowed costs under Indian Self-Determination Act and OMB Super Circular
  • Tribal/federal roles and responsibilities