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1 hour
This is session 3 of 3 in the Grants and Cooperative Agreements for Government Contractors Series.

In this session, we will examine subpart F of 2 CFR 200 and discuss the post award audit requirements associated with grants and cooperative agreements. We will examine the Compliance Supplement and how it is used by auditors during the audit. We will review the most common audit procedures used and discuss how an organization can prepare in advance to help ensure a successful compliance audit.

Learning Objectives: By the end of this session, students will be familiar with the audit requirements associated with grants and cooperative agreements. Students will have an understanding of how organizations have received non-compliance findings in the past and what the best practices are the help ensure their organization does not have any findings. 


About Our Experts
  • Sean O'Connor
    Managing Partner, Capital Edge Consulting
    Sean O’Connor is a Managing Partner with Capital Edge Consulting, Inc. Sean’s areas of expertise include Uniform Guidance and subrecipient monitoring, Contractor Purchasing System Review (CPSR) readiness assessments and preparation, Federal Supply Schedule contracts, Accounting Systems, Earned Value Management Systems (EVMS), Estimating Systems, audits of incurred cost and Cost Accounting Standards and Disclosure Statements. Sean is also experienced in procurement file audit and remediation with an emphasis in price analysis review and augmentation as well as purchasing system redesign and implementation. He is well versed with General Services Administration (GSA) contract compliance and with Federal Acquisition Regulations (FAR), Defense Federal Acquisition Regulation Supplement (DFARS), Cost Accounting Standards (CAS), DCAA internal controls, and identification of regulatory and cost accounting practice changes.

    With over 15 years of experience working with the Government as well as a number of large Department of Defense contractors, Sean has worked closely with Chief Executive Officers, Chief Financial Officers, Vice Presidents, General Counsels and Outside Counsel and Controllers, bringing experience from a wide range of engagements. He has instructed numerous federal grant recipients, both for and not-for-profit organizations, through assessments of compliance and implementation of corrective action under 2 CFR 200. Sean has led multiple projects implementing and performing compliance gap analyses of Earned Value Management Systems at all EVMS tier levels, for contracts issued by both the Department of Defense and the Department of Health and Human Services. Sean has represented multiple clients in settlements with the Office of the Inspector General in disputes regarding GSA contracts and provided litigation support to clients in matters with the Department of Justice, United States Attorneys’ Offices and the Air Force. He has assisted in preparing cost proposals including direct labor, indirect overhead, ODC and G&A rate development, facilities capital cost of money and profit analysis. Sean also has considerable experience working with Internal Audit teams reengineering business processes, Sarbanes Oxley compliance, performing risk assessments, aligning process gaps to risks, determining current levels of compliance and identifying requirements to achieving compliance.

    Sean is a member of the Professional Services Council (PSC), The National Defense Industrial Association (NDIA), National Contract Management Association (NCMA), and is an Associate Member of the American Bar Association (ABA).
    Sean graduated from James Madison University with a Bachelor of Science Degree in Economics and Finance.
  • Benjamin Sedelmeier
    B.A., Manager, Capital Edge Consulting
    Benjamin Sedelmeier is a Manager with Capital Edge Consulting, Inc., based in the company’s Pittsburgh, PA office. Ben is experienced in addressing various cost accounting and regulatory compliance issues related to Federal government contracts, grants, and cooperative agreements. Ben’s expertise includes Cost Proposal Support, Financial Modeling, Contract Administration, Federal Acquisition Regulations (FAR), Defense Federal Acquisition Regulation Supplement (DFARS), Cost Accounting Standards (CAS), and Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal awards to non-Federal entities (Uniform Guidance).

    Ben is well experienced working with both government contractors and Federal award recipients of varying size and industry focus. Ben has also supported clients with the development of indirect rate structures and forensic investigative analyses. He has assisted clients with Business Systems Compliance, Policy and Procedure Development, Indirect Cost Rate Proposal Development, Indirect Rate Structure Assessment, Subrecipient Monitoring Support, Audit Support, and Risk Assessment, Audit Findings Remediation, Procurement System Compliance, Internal Controls Assessment, and other regulatory compliance matters.

    Ben is also a lecturer on Federal grants and contracts compliance for the industry-recognized training organization Thompson Information Services.
    Ben graduated from the California University of Pennsylvania with a Bachelor of Arts Degree in Business with a concentration in Marketing.
  • Levi Zielinski
    CPA, Manager, Capital Edge Consulting
    Levi Zielinski is a Manager with Capital Edge Consulting, Inc., based in the company’s Pittsburgh, PA office. Levi has over a decade of experience in addressing various accounting and compliance issues related to Federal government grants, and internal control assessments. Levi’s expertise includes Federal Acquisition Regulations (FAR), Defense Federal Acquisition Regulation Supplement (DFARS), FAR Cost Principles, and Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal awards to non-Federal entities (2 CFR 200, Uniform Guidance).

    Levi is well experienced in working with government contractors and Federal award recipients of varying size, complexity, and industry focus in the areas of accounting and internal controls. Levi has also supported clients with Business Systems Compliance, including risk assessment and Policy and Procedure Development. He has also assisted clients with Subrecipient Monitoring, Audit Support, Audit Findings Resolution, and other regulatory compliance matters.

    Prior to joining Capital Edge, Levi was an audit manager for Maher Duessel, CPAs, a member of the AICPA’s Government Audit Quality Center. While at Maher Duessel, CPAs, Levi supervised and performed audits over both not-for-profit and governmental entities, including Single Audits under both OMB Circular A-133 and Uniform Guidance, 2 CFR 200, Subpart F (Single Audit).

    Levi is a registered CPA with the Pennsylvania Board of Accountancy. He is also a member of the Pennsylvania Institute of Certified Public Accountants (PICPA) and the American Institute of Certified Public Accountants (AICPA).
    Levi attended Grove City College where he earned a Bachelor of Science degree in Accounting.
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