Audit Prep Workshop for Federal Grants Course

Module 1: Overview of Federal Audits and Oversight

• Identify types of audits affecting grant recipients.
• Understand audit scope and auditor authority.
• Recognize the role of pass-through entities.

Module 2: Audit Standards and Regulatory Requirements

• Identify relevant audit standards and requirements.
• Understand Single Audit fundamentals.
• Recognize audit timelines and thresholds.

Module 3: Internal Controls and Audit Risk

• Identify internal controls auditors assess.
• Link control weaknesses to audit findings.
• Assess audit risk areas.

Module 4: Financial Records and Cost Documentation

• Prepare documentation supporting allowable costs.
• Organize financial records for audit review.
• Avoid common documentation gaps.

Module 5: Programmatic and Performance Documentation

• Prepare programmatic records auditors review.
• Align performance reporting with award terms.
• Identify program documentation weaknesses.

Module 6: Managing the Audit Process

• Coordinate audit logistics and staff roles.
• Respond to auditor inquiries effectively.
• Manage audit communications professionally.

Module 7: Understanding Audit Findings and Questioned Costs

• Understand how audit findings are developed.
• Distinguish findings from observations.
• Analyze root causes of findings.

Module 8: Developing Corrective Action Plans

• Draft effective corrective action plans.
• Address root causes and prevent recurrence.
• Assign responsibility and timelines.

Module 9: Post-Audit Follow-Up and Monitoring

• Track corrective action implementation.
• Respond to follow-up requests.
• Maintain documentation of resolution.