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1 hour
This is session 3 of 3 in the FPS Mastering Grants Management Webinar Series.

In this session, participants will learn about the important aspects of Federal grant audit preparation and closeout responsibilities. The webinar will cover key strategies for preparing for the annual compliance audit and managing the closeout process, as well as best practices for ensuring compliance with ongoing responsibilities.

Learning Objectives:  By the end of this session, 
  • Understand the basics of Federal grant audit preparation and closeout responsibilities, including the different types of audits and their requirements.
  • Develop effective strategies for preparing for a grant audit and managing the closeout process, including conducting an internal audit, maintaining proper documentation, and meeting reporting requirements.
  • Identify the common mistakes made during the grant audit preparation and closeout process and learn how to avoid them.
  • Gain insight into the tools and resources available to support successful grant audit preparation and closeout, such as accounting software and recordkeeping systems.

About Our Experts
  • Dan Durst
    Managing Director, BDO
    Dan Durst is a Managing Director in BDO’s Industry Specialty Services Group. He advises organizations on a wide range of accounting and compliance issues related to Federal government contracts, grants, and cooperative agreements. His areas of expertise include Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal awards to non-Federal entities (2 CFR 200/Uniform Guidance), Cost Accounting Standards (CAS), Federal Acquisition Regulation (FAR), Defense Federal Acquisition Regulation Supplement (DFARS), and Defense Grant and Agreement Regulatory System (DGARS). Dan is also well-versed in various levels of audit support including Business System Reviews, Single Audit, and Inspector General audits.

    Dan’s industry experience includes Government Contracting, Nonprofit, and Education. Dan has assisted clients with Business Systems Compliance, Policy and Procedure Development, In-House Training, 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, Forensic Investigations, and other regulatory compliance matters. Dan is also a frequent lecturer on Federal grants and contracts compliance for industry-recognized training organizations such as Federal Publications Seminars and Thompson Grants.

    Dan was an audit supervisor and lead consultant for Clarke Leiper PLLC, a member of the AICPA’s Government Audit Quality Center. Dan has previously held security clearances with the U.S. Department of Defense, including Secret Clearance. While contracted by the U.S. Department of State Dan conducted audits and analysis at the U.S. Embassies in 19 foreign countries. Dan has supervised and performed several Single Audits under both OMB A-133 and the new Uniform Guidance, Subpart F.
    Dan attended George Mason University where he earned a Bachelor of Science degree in Accounting with a minor in Information Technology, he later returned to George Mason University and earned a Master of Business Administration with a concentration in Accounting.
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Schedule Training
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