Be Prepared: Getting Ready for an Audit under the UGG
This presentation will cover audit preparation and auditing under the Uniform Grants Guidance (UGG). The UGG incorporates OMB Circular A-133 which was previously the audit guide for single audits. The new guidelines on audits in the UGG reflect many of the general principles of the UGG such as simplification, risk assessment and cooperative audit resolution. This session will demonstrate effective audit preparation as well as the details where the UGG changes audit practice to reflect these new themes. It will provide practical tips on preparation as well as more technical details on audit practice.
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