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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-family:"Arial","sans-serif";color:#1F497D'>There are still seats available for Thursday’s audio conference.<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Arial","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#354F80'>CAFR Contacts,<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#354F80'>The State Controller’s Division is sponsoring the Thompson Interactive audio conference “OMB’s New 2011 Compliance Supplement for Circular A-133 Audits: How Grant Recipients and Subrecipients Can Use it for Audit Readiness.” The audio conference write-up provided by Thompson Interactive and information on date, time, location and how to sign up are below.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#354F80'><o:p> </o:p></span></p><p class=MsoNormal><img width=278 height=27 id="Picture_x0020_1" src="cid:image001.gif@01CBFF41.1833B4B0" alt="http://www.thompson.com/images/tpg/email-images/rounded-email-templates/email-acs/logos/thompson-interactive.gif"> <o:p></o:p></p><p style='margin-bottom:12.0pt'><strong><span style='font-size:18.0pt;font-family:"Arial","sans-serif";color:#354F80'><a href="http://emessaging.vertexcommunication.com/ct/22093399:4675401389:m:1:292555263:FE7C17D938D8AEE07AB67F30C14FD3D2"><span style='font-size:12.0pt'>OMB’s NEW 2011 Compliance Supplement for Circular A-133 Audits: How Grant Recipients and Subrecipients Can Use It for Audit Readiness</span></a></span></strong><o:p></o:p></p><p style='margin-bottom:12.0pt'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#555555'>Every spring, the Office of Management and Budget (OMB) releases the complete update to its “Compliance Supplement for Circular A-133 Audits” to provide independent auditors with guidance about the compliance requirements to be reviewed in the course of these mandated audits of federal funds. The extensive annual “Supplement” saves non-federal auditors research time and provides assurance to the federal government that audit testing will be uniformly carried out in the thousands of A-133 audits conducted each year. Use of the Compliance Supplement has become known as a “safe harbor” for auditors -- if they follow it, they satisfy the compliance testing expectations of Circular A-133.<br> <br>So, if the “Compliance Supplement” is for auditors, why would anyone else -- like grant recipients and subrecipients—want to become familiar with it? Because...it covers what they’re going to be tested on. This year, that is even more important. The new Supplement continues to stress what auditors are expected to look for in the expenditures made under the programs funded under the American Recovery and Reinvestment Act—better known as “The Stimulus.” Auditors were previously instructed to treat all of those programs as “high risk.” And it should come as no surprise that the Supplement is also focusing on the accuracy of new subaward reporting required under the Federal Funding Accountability and Transparency Act—also known as the Coburn-Obama Act. With the high visibility of these requirements, it’ll be particularly important to be “audit ready” this year. <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, he will help you examine this latest version of the OMB Compliance Supplement—but from the unique viewpoint of federal grantees and subgrantees.<br><br><strong><span style='font-family:"Arial","sans-serif"'>During this audio conference, Mr. Lloyd will:</span></strong></span><o:p></o:p></p><ul type=disc><li class=MsoNormal style='color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo3'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#555555'>Provide a “roadmap” of how the “Compliance Supplement” is organized and how to “cut to the chase” to find the information you or your auditor need</span><o:p></o:p></li><li class=MsoNormal style='color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo3'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#555555'>Review the 14 key general grants management compliance areas that are specified for audit testing</span><o:p></o:p></li><li class=MsoNormal style='color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo3'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#555555'>Identify the kinds of tests that auditors are likely to use</span><o:p></o:p></li><li class=MsoNormal style='color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo3'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#555555'>Focus on the unique requirements that will be tested when some or all of a grant award is funded using Recovery Act (Stimulus) funds</span><o:p></o:p></li><li class=MsoNormal style='color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo3'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#555555'>Suggest ways to develop or improve your documentation to demonstrate compliance</span><o:p></o:p></li><li class=MsoNormal style='color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo3'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#555555'>Caution you about ways that inappropriate “back door” requirements might be surfacing from the guidance in the Supplement</span><o:p></o:p></li><li class=MsoNormal style='color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo3'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#555555'>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 those programs</span><o:p></o:p></li><li class=MsoNormal style='color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo3'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#555555'>Highlight what to expect in the auditor’s review of your internal controls over federal programs-- another way of saying, your grants management system</span><o:p></o:p></li></ul><p class=MsoNormal style='margin-bottom:12.0pt'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#555555'>Plus, time will be set aside for an interactive Q&A session after the presentation. Listen in and get the chance to ask your specific question!</span><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#354F80'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#354F80'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><pre><span style='font-family:"Arial","sans-serif"'>Date: Thursday, May 26, 2011<o:p></o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'>Time: 11:00 a.m.-12:30 p.m. Pacific Standard Time<o:p></o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'>Location: Veteran’s Auditorium<o:p></o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'>Prerequisite: </span><span style='font-size:9.0pt;font-family:"Arial","sans-serif";color:#333333'>Background knowledge of federal grants management<o:p></o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'>Advance Prep: None required <o:p></o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'>CPE: 1.5 credit hours </span><span style='font-size:9.0pt;font-family:"Arial","sans-serif";color:#333333'>awarded upon completion of the audio conference and its post-conference survey</span><span style='font-family:"Arial","sans-serif"'><o:p></o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'>Cost: FREE (Sponsored by SCD)<o:p></o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'>Registration: <a href="https://ilearn.oregon.gov">https://ilearn.oregon.gov</a> <<a href="https://ilearn.oregon.gov/">https://ilearn.oregon.gov/</a>> <o:p></o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'>Registration for this event will be coordinated through iLearnOregon<o:p></o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'>using the link provided above. You will need an active iLearnOregon<o:p></o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'>account to complete the registration process. If you do not already<o:p></o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'>have an iLearnOregon account, you can find information on how to create<o:p></o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'>an account on the main log-in page for iLearnOregon. Once you have <o:p></o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'>logged-in you will find a link for "How to Register For A Course" in the left <o:p></o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'>navigation panel under "iLearnOregon Help Center." <o:p></o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'>If you have questions, please contact Jeanne Bock at <a href="mailto:Jeanne.bock@state.or.us">Jeanne.bock@state.or.us</a> or by phone at<o:p></o:p></span></pre><pre><span style='font-family:"Arial","sans-serif"'>503-373-7277 ext. 268.<o:p></o:p></span></pre><pre><o:p> </o:p></pre><p class=MsoNormal><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><b><span style='font-size:7.5pt;font-family:"Verdana","sans-serif";color:gray'>Jeanne Bock</span></b><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'><o:p></o:p></span></p><p class=MsoNormal><b><span style='font-size:7.5pt;font-family:"Verdana","sans-serif";color:gray'>Senior Accounting Analyst<o:p></o:p></span></b></p><p class=MsoNormal><span style='font-size:7.5pt;font-family:"Verdana","sans-serif";color:gray'>Oregon State Controller's Division</span><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:7.5pt;font-family:"Verdana","sans-serif";color:gray'>155 Cottage Street NE U50<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:7.5pt;font-family:"Verdana","sans-serif";color:gray'>Salem, OR 97301-3969<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:7.5pt;font-family:"Verdana","sans-serif";color:gray'>Phone: 503-373-7277 ext 268<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:7.5pt;font-family:"Verdana","sans-serif";color:gray'>Fax: 503-378-3514</span><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'><o:p></o:p></span></p><p class=MsoNormal><a href="http://oregon.gov/DAS/SCD/SARS"><span style='font-size:7.5pt;font-family:"Verdana","sans-serif"'>http://oregon.gov/DAS/SCD/SARS</span></a><span style='font-size:7.5pt;font-family:"Verdana","sans-serif";color:gray'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:7.5pt;font-family:"Verdana","sans-serif";color:gray'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:7.5pt;font-family:"Verdana","sans-serif";color:#353535'>Data Classification: Level 1 - Published</span><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:7.5pt;font-family:"Times New Roman","serif"'> </span><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'><o:p></o:p></span></p><p class=MsoNormal><b><span style='font-size:8.0pt;font-family:"Verdana","sans-serif"'>How are we doing?</span></b><span style='font-size:8.0pt;font-family:"Verdana","sans-serif"'><o:p></o:p></span></p><p class=MsoNormal><b><span style='font-size:8.0pt;font-family:"Verdana","sans-serif"'>Please complete our customer service survey</span></b><span style='font-size:8.0pt;font-family:"Verdana","sans-serif"'><o:p></o:p></span></p><p class=MsoNormal><a href="http://surveymonkey.com/s/SCD_Feedback"><i><span style='font-size:8.0pt;font-family:"Verdana","sans-serif"'>http://surveymonkey.com/s/SCD_Feedback</span></i></a><span style='font-size:8.0pt;font-family:"Verdana","sans-serif"'><o:p></o:p></span></p><p class=MsoNormal><b><span style='font-size:8.0pt;font-family:"Verdana","sans-serif"'>Your opinion matters.</span></b><span style='font-size:8.0pt;font-family:"Verdana","sans-serif"'><o:p></o:p></span></p><p class=MsoNormal><b><span style='font-size:8.0pt;font-family:"Verdana","sans-serif"'>Thank you!</span></b><span style='font-size:8.0pt;font-family:"Verdana","sans-serif"'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:8.0pt;font-family:"Verdana","sans-serif"'> <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'> <o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>