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November 16, 2020 – GAQC Alert No. 418 | |
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Dear Center Members: |
This GAQC Alert provides you with the following information on GAQC Web events:
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Registration information for the December 10th event on the expected addendum to the 2020 Office of Management and Budget (OMB) Compliance Supplement (Supplement addendum);
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Registration information for the December 15th event on audit considerations relating to for-profit entities subject to the U.S. Department of Health and Human Services (HHS) audit requirements for the Provider Relief Fund (PRF) program and other HHS funding;
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The GAQC Web event calendar through June 2021; and
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Information on accessing the no-CPE archives of other recent GAQC Web events.
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December Event Registration Information
Be sure to use the "XXXX" discount code for both of the following events to get your member discounted price of $79.20. We are still not able to offer the no-CPE option during the live event but will strive to make the no-CPE archive of each event available within a few days after each event.
December 10, 2020, Supplement Addendum and COVID-19 Implications - from 1:00 PM - 3:00 PM (Eastern Time). OMB is expected to issue a Supplement addendum in the coming weeks that will include new program sections for certain COVID-19 programs including the Coronavirus Relief Fund, the PRF program, and the Education Stabilization Fund. It will also include several existing programs with requirements impacted by the pandemic and other new guidance. Topics to be covered in this event include:
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An overview of what the Supplement addendum includes;
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A high-level primer on the most significant new programs;
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Information on how the Supplement addendum impacts your single audits; and
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The latest COVID-19 matters the GAQC has on its radar.
GAQC Member Registration. Access the registration page.
December 15, 2020, An Audit Primer for Auditors of For-Profit Entities Receiving Provider Relief Funds - from 2:00PM - 4:00 PM (Eastern Time). (Note the slight change to the time of this event from our normal 1:00 PM - 3:00 PM window.) The COVID-19 pandemic has resulted in an influx of HHS funding to for-profit hospitals and other for-profit healthcare providers. Under HHS rules, for-profit entities will have the option to have either a single audit or a financial audit of the HHS funding under Government Auditing Standards. If you audit for-profit entities that have become subject to these audit requirements, you are likely in need of a primer on what is involved. For-profit entity staff may also benefit from attending to learn more about what their auditors will be looking at. This session will walk participants through the following:
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The types of for-profit entities subject to the HHS audit requirements;
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What the HHS audit requirements involve, including the auditing standards to be followed;
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Other audit performance considerations; and
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Best practices, tips, and resources.
Important Note: This session is focused only on for-profit entities subject to the HHS audit requirements (and not governmental and not-for-profit entity considerations). Additionally, the event will not focus on related for-profit entity financial statement audit considerations.
GAQC Member Registration. Access the registration page.
Schedule of GAQC Web Events
Members regularly rate GAQC Web events as one of most valuable aspects of their membership. The following schedule is provided for your planning purposes and includes all GAQC events (both live and rebroadcasts) between now and June 2021. Use the links to register or hold the dates and times on your calendar. All times for events are 1:00 PM - 3:00 PM (Eastern Time) unless noted otherwise on the schedule. Feel free to forward this GAQC Alert to your staff so they can hold the dates too. You can also access the GAQC 2020-2021 Web event schedule on the GAQC Web site.
IMPORTANT NOTE: The required 2021 GAQC Webcast will be held on Tuesday, May 4, 2020. Please be sure to hold that date. If you have not yet viewed the required 2020 GAQC Webcast, there are 2 remaining CPE rebroadcasts included below (see December 11 and January 8). You can also view the no-CPE archive of the 2020 Webcast as another alternative.
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Date |
Title |
Register/ Reminder |
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December 10, 2020 |
OMB Supplement Addendum and the Latest COVID-19 Single Audit Implications |
Register Now |
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December 11, 2020 |
2020 GAQC Annual Update Webcast (Rebroadcast) |
Register Now |
December 15, 2020
(2:00 PM – 4:00 PM) |
An Audit Primer for Auditors of For-Profit Entities Receiving HHS Provider Relief Funds |
Register Now |
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December 17 - 18 2020 (various times) |
Single Audit Fundamentals 4-Part Series (Rebroadcast) |
Register Now |
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January 8, 2021 |
2020 GAQC Annual Update Webcast (Rebroadcast) |
Add to Calendar |
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January 28, 2021 |
Uniform Guidance Revisions: What You Need to Know |
Add to Calendar |
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February 17, 2021 |
Navigating State and Local Government Component Units |
Add to Calendar |
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March 11, 2021 |
Single Audit Lightning Round |
Add to Calendar |
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April 13, 2021 |
Common Peer Review Deficiencies in State and Local Government Financial Statement Audits |
Add to Calendar |
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May 4, 2021 |
2021 Annual Required GAQC Webcast |
Add to Calendar |
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May 20, 2021 |
2021 State and Local Government Audit Planning Considerations |
Add to Calendar |
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June 21 - 25, 2021 |
Summer Fun Rebroadcast Week |
To Follow Later |
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June 30, 2021 |
2021 OMB Compliance Supplement and Single Audit Update |
Add to Calendar |
Archived Web Events
Here are several recent no-CPE archives of GAQC Web events that we want to be sure you did not miss. You can find the recordings and slides for each event on the Single Audit Archived Member Events Web page.
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Preparing for your First Single Audit: An Auditee Perspective (Originally presented on September 14, 2020)
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2020 Supplement and COVID-19 Single Audit Implications (Originally presented on September 9, 2020)
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Single Audit Fundamentals 4-Part Series (Originally presented on August 26 - 27, 2020)
As always, thank you for your continued support and we hope to see you at a future GAQC Web event!
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Sincerely,
AICPA Governmental Audit Quality Center | |
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In This Alert |
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Do You Audit Healthcare Entities? |
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If so, register for the AICPA Healthcare Industry Web Event Series to be held the week of November 30th. Nine different sessions will be offered to assist healthcare professionals and their auditors learn about the latest information and implications of the COVID-19 pandemic. Use the “XXXX” discount code to get a 20% discount. | |
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Additional Resources |
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Stay Informed |
We welcome any suggestions or questions - please send them by e-mail at GAQC@aicpa.org.
Members of the Governmental Audit Quality Center (GAQC) may only reproduce and distribute GAQC Alerts internally within the firm or state audit organization (SAO) to other Center member firm/SAO personnel as part of the organizations' professional services. For information about permission to copy any part of these documents for redistribution or inclusion in other work, please click on the copyright notice below or phone the copyright permission hotline (919) 402-4031.
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