2024 Public Procurement Basics: Protecting the People's Money
Registration is Closed
Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.
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