2024 Public Procurement Basics: Protecting the People's Money
Friday, September 20, 2024
Webcast or Webinar, Online
2:00 PM - 3:47 PM (opens at 1:30 PM) EST
2Credits
Technical Business
Registration is Open
Members
$79.00 Regular Price
Non-Members
$109.00 Regular Price
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$40.00 Members / $56.00 Non-Members
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Course Type: Webcast
Course Code: 24/AC851281
Level: Basic
Vendor: ACPEN
Field of Study: Finance
Overview:
Based on an AICPA Enhancing Audit Quality study, 23% of all single audits subject to enhanced oversight were materially non-conforming with professional standards due to failure to properly test controls over compliance.
This course will provide an overview of internal controls over compliance specifically related to Single Audits. We will discuss how to apply the concept of internal controls to various compliance requirements. Additionally, a common finding in the audits of governmental entities receiving federal grants is misidentifying controls and mistaking compliance for a control. That's why this course will also focus on identifying compliance versus controls over compliance.
Objectives:
- Recall the four pillars of public procurement
- Identify public procurement best practices
Major Topics:
- Code of Federal Regulation
- Procurement
- Federal Funds
Major Topics:
- Code of Federal Regulation
- Procurement
- Federal Funds