| Navigating Indirect Costs in Your Single Audit |
Webcast Description:
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Many organizations subject to a single audit must engage in the process of negotiating federal indirect cost rates or allocating and billing indirect costs to state and federal sponsors. These indirect costs can represent a significant portion of the reimbursed grant dollars from state and federal agencies. Therefore, auditors need to clearly understand the process for negotiating indirect cost rates and allocating/billing indirect costs to better serve your clients and mitigate audit risk. Specifically, this GAQC Web event will provide participants:
• An overview of the Uniform Guidance and related OMB Compliance Supplement guidance;
• A discussion of the most common allocation methodologies and types of rates;
• A discussion on internal controls over indirect costs;
• Information about the most common areas of concern; and
• Opportunities to ask questions.
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