The Office of Management and Budget (OMB) has released new guidance on single audits in the form of a 2020 Compliance Supplement addendum. The update, which is aimed at federal programs under the CARES act, will impact many organizations who have been adversely affected by the COVID-19 pandemic.

Join GRF’s nonprofit audit experts as we delve into the logistics of the compliance supplement update by identifying single audit priorities for 2020 and beyond. Participants will come away with a better understanding of key provisions of the update, guidance on reporting COVID relief funding and insight into auditor priorities.

Slide Deck

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Recording

Speakers

Walt Derengowski, CPA, CFE, Partner, Audit

Mr. Derengowski has over 15 years of public accounting experience with GRF CPAs & Advisors servicing the nonprofit sector exclusively. He manages audits for a wide variety of nonprofit clients like trade associations, charitable organizations, nongovernmental organizations, private foundations, political action committees and other similar institutions. He frequently travels internationally working with clients to audit federal award programs in accordance with the Uniform Guidance/OMB Circulars.

 

Lindsay Dean, CPA, Senior Manager, Nonprofit Audit 

Ms. Dean has worked in auditing and accounting since 2004. She plans and coordinates the audit fieldwork for approximately 50 audit engagements on an annual basis. Ms. Dean works extensively with nonprofit organizations, specifically charitable organizations. She also works with numerous international clients, performs field audits, and travels throughout Africa and Europe.

 

Omid Mohebbi, CPA, Manager, Nonprofit Audit

Omid Mohebbi, CPA is a manager with GRF CPAs & Advisors. He joined the firm in 2011 and specializes in audits of nonprofit organizations including foundations, associations and other charitable institutions, and audits of employee benefit plans. In his role, Mr. Mohebbi is responsible for managing audit engagements and serving as a client liaison throughout the planning, fieldwork and post-fieldwork stages of each audit.