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<p class=MsoNormal align=center style='text-align:center'><b><font size=2
color=red face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:red;font-weight:bold'>OMB’s New Compliance Supplement for Circular
A-133 Audits<o:p></o:p></span></font></b></p>
<p class=MsoNormal align=center style='text-align:center'><b><font size=2
color=red face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:red;font-weight:bold'>August 24, 2010<o:p></o:p></span></font></b></p>
<p class=MsoNormal align=center style='text-align:center'><b><font size=2
color=red face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:red;font-weight:bold'>Veterans Auditorium<o:p></o:p></span></font></b></p>
<div>
<div class=MsoNormal align=center style='text-align:center'><font size=3
color=red face="Times New Roman"><span style='font-size:12.0pt;color:red'>
<hr size=2 width="100%" align=center tabindex=-1>
</span></font></div>
</div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>The State Controller’s Division is hosting a 90 minute
Thompson Interactive audio conference called <i><span style='font-style:italic'>OMB’s
New Compliance Supplement for Circular A-133 Audits: How Grantees Can Use it
for Audit Readiness.</span></i> Below are details about the date and time, as
well as the audio conference write-up provided by Thompson Interactive.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal style='margin-bottom:6.0pt'><b><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial;font-weight:bold'>Date:
Tuesday, August 24, 2010<o:p></o:p></span></font></b></p>
<p class=MsoNormal style='margin-bottom:6.0pt'><b><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial;font-weight:bold'>Time:
11:00 AM – 12:30 PM <o:p></o:p></span></font></b></p>
<p class=MsoNormal><b><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial;font-weight:bold'>Location: Veteran’s Audi<st1:PersonName
w:st="on">to</st1:PersonName>rium<o:p></o:p></span></font></b></p>
<p class=MsoNormal><b><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial;font-weight:bold'>
700 Summer Street NE<o:p></o:p></span></font></b></p>
<p class=MsoNormal style='margin-bottom:6.0pt'><b><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial;font-weight:bold'>
<st1:place w:st="on"><st1:City w:st="on">Salem</st1:City>,
<st1:State w:st="on">OR</st1:State> <st1:PostalCode w:st="on">97301</st1:PostalCode></st1:place><o:p></o:p></span></font></b></p>
<p class=MsoNormal style='margin-bottom:6.0pt'><b><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial;font-weight:bold'>CPE:
1.5 <o:p></o:p></span></font></b></p>
<p class=MsoNormal style='margin-bottom:6.0pt'><b><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial;font-weight:bold'>Cost:
Free (sponsored by SCD)<o:p></o:p></span></font></b></p>
<p class=MsoNormal style='margin-bottom:6.0pt'><b><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial;font-weight:bold'><o:p> </o:p></span></font></b></p>
<p class=MsoNormal style='margin-bottom:6.0pt'><font size=2 color="#555555"
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:#555555'>Every
spring, the Office of Management and Budget (OMB) issues a complete update <st1:PersonName
w:st="on">to</st1:PersonName> its "Compliance Supplement for Circular
A-133 Audits" <st1:PersonName w:st="on">to</st1:PersonName> provide
independent audi<st1:PersonName w:st="on">to</st1:PersonName>rs with guidance
about the compliance requirements that must be reviewed in the course of these
mandated audits of federal funds. The extensive annual "Supplement"
saves non-federal auditors research time and provides reasonable assurance <st1:PersonName
w:st="on">to</st1:PersonName> the federal government that audit testing will be
uniformly carried out in the thousands of A-133 audits conducted annually. Use
of the Compliance Supplement has become known as a "safe harbor" for
audi<st1:PersonName w:st="on">to</st1:PersonName>rs -- if they follow it, they
satisfy the compliance testing expectations of Circular A-133.<br>
<br>
So, if the "Compliance Supplement" is for audi<st1:PersonName w:st="on">to</st1:PersonName>rs,
why would anyone else -- like grantees and subgrantees -- want <st1:PersonName
w:st="on">to</st1:PersonName> become familiar with it? Because...it covers what
they're going to be tested on. This year, that is even more important because
the new Supplement is addressing what audi<st1:PersonName w:st="on">to</st1:PersonName>rs
are expected <st1:PersonName w:st="on">to</st1:PersonName> look for in the
massive federal programs funded under the American Recovery and Reinvestment
Act-better known as "The Stimulus." Because of their sheer dollar
size, newness, and unique statu<st1:PersonName w:st="on">to</st1:PersonName>ry
requirements, many of these programs are being judged as "high risk"
by federal awarding agencies and will have <st1:PersonName w:st="on">to</st1:PersonName>
be subjected <st1:PersonName w:st="on">to</st1:PersonName> manda<st1:PersonName
w:st="on">to</st1:PersonName>ry testing by the non-federal audi<st1:PersonName
w:st="on">to</st1:PersonName>rs who are carrying out the Circular A-133 audits.
With the high visibility of these programs, it'll be particularly important <st1:PersonName
w:st="on">to</st1:PersonName> be "audit ready." <br>
<br>
Learn how during this audio conference featuring speaker, Bob Lloyd, a
respected authority on federal policies affecting acquisition, administration
and audit of federal grants, with more than 35 years of experience in federal
award administration and oversight. His presentation will look at the latest
version of the OMB Compliance Supplement-but from the unique viewpoint of
federal grantees and subgrantees.</span></font><b><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial;font-weight:bold'><o:p></o:p></span></font></b></p>
<p class=MsoNormal style='margin-bottom:6.0pt'><b><font size=2 color="#555555"
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:#555555;
font-weight:bold'>During this audio conference, Mr. Lloyd will address the
following <st1:PersonName w:st="on">to</st1:PersonName>pics and more:</span></font></b><font
size=2 color="#555555" face=Arial><span style='font-size:10.0pt;font-family:
Arial;color:#555555'><br>
<br>
1. Provide a "roadmap" of how the "Compliance Supplement"
is organized and how <st1:PersonName w:st="on">to</st1:PersonName> "cut <st1:PersonName
w:st="on">to</st1:PersonName> the chase" <st1:PersonName w:st="on">to</st1:PersonName>
find the information you or your audi<st1:PersonName w:st="on">to</st1:PersonName>r
need<br>
<br>
2. Review the 14 key general grants management compliance areas that are
specified for audit testing. <br>
<br>
3. Identify the kinds of tests that audi<st1:PersonName w:st="on">to</st1:PersonName>rs
are likely <st1:PersonName w:st="on">to</st1:PersonName> use<br>
<br>
4. Focus on the unique requirements that will be tested when some or all of a
grant award is funded using Recovery Act (Stimulus) funds.<br>
<br>
5. Suggest ways <st1:PersonName w:st="on">to</st1:PersonName> develop or
improve your documentation <st1:PersonName w:st="on">to</st1:PersonName>
support your compliance<br>
<br>
6. Detail what will happen if some of your grant programs aren't covered in the
"Supplement" and what your role should be in developing the
compliance information for that program<br>
<br>
7. Highlight what <st1:PersonName w:st="on">to</st1:PersonName> expect in the
audi<st1:PersonName w:st="on">to</st1:PersonName>r's review of internal
controls over federal awards-- another way of saying, your grants management
system<br>
<br>
Plus, time will be set aside for an interactive Q&A session after the
presentation. Listen in and get the chance <st1:PersonName w:st="on">to</st1:PersonName>
ask the speaker your questions!</span></font><b><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial;font-weight:bold'><o:p></o:p></span></font></b></p>
<p class=MsoNormal style='margin-bottom:6.0pt'><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>To register: Send an e-mail <st1:PersonName w:st="on">to</st1:PersonName>
<a href="mailto:SCD.Register@state.or.us">SCD.Register@state.or.us</a> <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>The following information should be included in your e-mail:<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>“OMB’s New Compliance Supplement – August
24” (subject line of message)<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Attendee name<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Agency name<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>E-mail address<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Telephone number<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>If you have questions, please contact Jeanne Bock at
503-373-7277 ext. 268.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><st1:place w:st="on"><st1:PlaceName w:st="on"><font size=1
color=gray face=Verdana><span style='font-size:7.5pt;font-family:Verdana;
color:gray'>Oregon</span></font></st1:PlaceName><font size=1 color=gray
face=Verdana><span style='font-size:7.5pt;font-family:Verdana;color:gray'> <st1:PlaceType
w:st="on">State</st1:PlaceType></span></font></st1:place><font size=1
color=gray face=Verdana><span style='font-size:7.5pt;font-family:Verdana;
color:gray'> Controller's Division</span></font><o:p></o:p></p>
<p class=MsoNormal><st1:Street w:st="on"><st1:address w:st="on"><font size=1
color=gray face=Verdana><span style='font-size:7.5pt;font-family:Verdana;
color:gray'>155 Cottage Street NE</span></font></st1:address></st1:Street><font
size=1 color=gray face=Verdana><span style='font-size:7.5pt;font-family:Verdana;
color:gray'> U50<o:p></o:p></span></font></p>
<p class=MsoNormal><st1:place w:st="on"><st1:City w:st="on"><font size=1
color=gray face=Verdana><span style='font-size:7.5pt;font-family:Verdana;
color:gray'>Salem</span></font></st1:City><font size=1 color=gray
face=Verdana><span style='font-size:7.5pt;font-family:Verdana;color:gray'>, <st1:State
w:st="on">OR</st1:State> <st1:PostalCode w:st="on">97301-3969</st1:PostalCode></span></font></st1:place><font
size=1 color=gray face=Verdana><span style='font-size:7.5pt;font-family:Verdana;
color:gray'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=1 color=gray face=Verdana><span style='font-size:
7.5pt;font-family:Verdana;color:gray'>Phone: 503-373-7277 <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=1 color=gray face=Verdana><span style='font-size:
7.5pt;font-family:Verdana;color:gray'>Fax: 503-378-3514</span></font><o:p></o:p></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><a href="http://oregon.gov/DAS/SCD/SARS"><font size=1 face=Verdana><span
style='font-size:7.5pt;font-family:Verdana'>http://oregon.gov/DAS/SCD/SARS</span></font></a><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=1 face="Times New Roman"><span style='font-size:
7.5pt'> </span></font><o:p></o:p></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
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