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OD: Recovery Act Management and Reporting

Recorded September 16, 2009

Overview

Higher education institutions must understand issues surrounding the management and reporting of monies awarded under the American Recovery and Reinvestment Act of 2009 (ARRA). There are also real questions around how the use of ARRA dollars will impact the Single Audit.

The political and financial risks of errors or non-compliance with ARRA mandates may be huge and is compounded by the visibility of easily accessible, publicly available information. This webcast is geared specifically for colleges and universities.  The program will review and discuss a common sense approach to what is known of the regulations and published guidance to date.

What You Will Learn:

• An understanding of recently issued information and events
• Tracking, reporting and recommended implementation timelines
• Changes to the single audit and audit compliance
• Full understanding of the total dollars for which entities are eligible
• Handling research funding from NIH – the largest segment of funding
• Impact on student financial aid funding
• Segregation of dollars received since February 17
• Responsibility for Section 1512 reporting

Who Should Participate?

• Controllers
• AVPs of Finance and Administration
• Compliance officers
• Cost accountants

Meet the Presenters:

• Various KPMG and higher education professionals will present details and answer your questions.

Course Information:

• Course Level: Advanced
• Length: 100 minutes
• Prerequisites: none

Fees