CLASS FULL.  On December 26, 2013, the U.S. Office of Management and Budget issued new reporting rules referred to as the “Supercircular.”  This issuance impacts all general requirements for all entities – including counties and CBOs – which receive federal grants:  administrative rules, cost principles and Single Audit requirements.  Those new rules go into effect after Christmas, 2014. All persons and agencies who deal with federal grants will need to be aware of and prepared for the coming changes. In addition to the specifics of the Supercircular, the class will cover:

Administrative rules: when approval is needed for budget changes; the responsibility for equipment remaining when the grant ends, etc.

Cost principles:  criteria for allowability; documentation requirements for salaries and wages, etc.

Single Audit requirements:  changes in the threshold for Single Audits and the required attributes of an audit finding

Course eligible for CPE credits for Certified Public Accountants.

Instructor is Sefton Boyars, CPA, CGFM, instructor with California CPA Education Foundation and former federal and state auditor.