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About the Certification Program
Maintaining Your Certification
||November 7 - 9, 2018
||Las Vegas, NV
(4315 Swenson St.)
||For a room rate of $125, please call 702-795-2800 and mention you’re with the Falmouth Institute. To book your room online, please click here.
ABOUT THE CERTIFICATION PROGRAM
Tribes that receive federal funds are required to undergo a rigorous and expensive form of governmental oversight known as the Single Audit. Distinguish yourself in your field—complete this 3-day certification program and pass the qualifying exam to demonstrate you have what it takes to help your tribe comply with the law, organize an RFP, control costs, implement internal controls, assess future risk, and respond to preliminary findings and opinions. Our instructor will guide you through all the aspects of the audit, from preparing your organization and working with the auditor to deciphering audit findings and opinions and avoiding sanctions. We’ll be sure to review the most essential elements of OMB’s Uniform Guidance at 2 CFR 200 (the “Super Circular”) and its Compliance Supplement—the document auditors use to make sure your tribe is in compliance.
Don’t miss this opportunity. Take what you learn back to the office for immediate implementation!
|T O P I C S I N C L U D E
|Single Audit Act - OMB Super Circular
Steps in the Audit Process
- Why a single audit?
- When should we audit?
- Who does it go to?
- Preparing for and understanding the audit
- Audit follow-up
- Report submission and release
- Auditor selection and scheduling
- Financial statement close out
- Preparation of SEFA
- Review of grant programs for grant documentation
- Auditor's preliminary needs list - gather information
- Audit process:
- Audit fieldwork (entrance and exit interviews)
- Auditor's needs list - revisions
- Review of draft audit report
- Review and enter audit adjustments
- Preparation of corrective action plan
- Draft audit report presentation to board/council for approval
- Submission to Federal Audit Clearinghouse
- Execution of corrective action plan
|Selecting an Audit Firm
Audit Management - Working with Your Auditor
- What to include in your RFP
- Evaluation criteria
- Cost vs. experience
- The role of the council
- Audit needs list
- Financial year-end close-out process
- Audit report write-up process
OMB Compliance Supplement
- Function of the internal audit
- Tips for conducting successfully
- Activities allowed or unallowed
- Allowable costs
- Cash management
- Equipment and real property management
- Matching, level of effort and earmarking
- Period of performance
- Procurement, suspension and debarment
- Program income
- Subrecipient monitoring
- Special tests and provision
|Saving on Audit Fees
Handling the Exit Interview
- What you need to do in advance
- Preparing adjusted entries
- Locating documentation quickly
- Confirmation letters
Drafting a Corrective Action Plan
- Presentation of preliminary findings and opinions
- Preparing a written response indicating agreement or disagreement
- Auditor's response
- Resolving audit findings
Become certified by completing these simple steps:
- Register for and attend the Tribal Audit Preparation Certification Program
- Pass the online qualifying exam within seven days of finishing the Program
The Falmouth Tribal Audit Preparation Certification Program can also be delivered as an Onsite Program for organizations seeking to certify at least seven participants. To discuss onsite training opportunities, please call Falmouth at 800-992-4489, ext. 119.
To receive your Tribal Audit Preparation Certification, you must pass the online qualifying exam.*
- The exam consists of 50 multiple choice and true/false questions drawn from the program's course content.
- In class, you'll receive instructions on how to get your unique username and password and how to access the exam.
- You'll have seven days from the last day of class to access the exam. You must complete the exam in one sitting and you'll receive your results immediately after you submit it.
- You'll be able to download your certificate showing that you are certified in Tribal Contracting and Purchasing as soon as you have passed the exam.
- If you do not pass the exam on your first attempt, you'll have one year to re-test. You may take the exam a total of three times, after which you'll have to register for and attend the Tribal Audit Preparation Certification Program again before you are permitted to re-test. You must pay a $100 exam fee each time you re-register to take the exam. The retest form is available here.
*Testing accommodations are available to those with a documented disability. Please contact Basla Andolsun at 1-800-992-4489 or firstname.lastname@example.org to discuss your particular situation. You must request accommodations when you register for the Certification Program for accommodations to be guaranteed.
Falmouth takes pride in its exceptional faculty. We only work with outstanding trainers who have years of specialized Indian Country experience and who are experts in their fields. You can expect your instructor(s) for this program to deliver top quality training suited to your unique needs as a tribal audit preparation professional.
MAINTAINING YOUR CERTIFICATION
Your certification is valid for one year from the date it is issued. To maintain certification, you must:
- Attend at least 12 hours of qualified training before your certification expiration date**; and
- Submit a certification maintenance form by the expiration date. Please click here for the form.
**Falmouth will grant extensions for students who have registered for upcoming classes that start up to 2 months beyond the month their certification expires in. Such students will still need to submit the certification maintenance form by the expiration date. They must note on the form that the class is upcoming and, upon class completion, resubmit their certification form.
Qualified classes include any of the following Falmouth Institute trainings (2 or 3 days):