This governmental auditing CPE course offers a comprehensive exploration of the uniform cost principles applicable to state and local governments and nonprofit organizations, as outlined in Subpart E of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Participants will learn to differentiate between principles applicable to various organizations, define key government regulators, and sequence the layers of rules governing grants. The governmental auditing CPE also provides in-depth knowledge on judging the allowability of specific cost items per cross-cutting principles, detecting violations of these principles, and distinguishing between direct and indirect costs. By understanding the nuances of cost allowability, participants will gain the ability to clarify compensation charges, professional service costs, and legal costs that are allowable under a federal award. The audit CPE course also covers the treatment of services donated in support of a federal award, recovery of building and equipment costs, and the distinction between allowable and unallowable costs in various scenarios. This course is not just about theoretical learning; it equips participants with practical tools and understanding necessary for effective compliance and financial management within their organizations.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Differentiate between principles applicable to state and local governments and nonprofits
Define key government regulators and their related acronyms
Sequence the four layers of rules governing grants
Judge whether an item of cost is allowable per the cross-cutting principles
Detect which allowability principle has been violated
Distinguish between an indirect cost and a direct cost
Distinguish which costs are usually allowable and which are usually unallowable
Clarify which compensation charges are allowable under a federal award and what documentation is required
Judge which professional service costs are allowable under a federal award
Judge which legal costs are allowable under a federal award
Distinguish between lobbying costs and normal operating costs of a program
Determine how to treat services donated in support of a federal award
Determine how to recover building and equipment costs
Distinguish between idle capacity and idle facilities and related allowable costs
Identify which costs are allowable as rearrangement and alteration costs
Assess which rental costs are allowable
Identify under which conditions morale costs, fines and penalties, insurance, interest, and membership costs are allowable costs
Distinguish between allowable and unallowable pre-award costs, taxes, and travel costs
Major Topics
- 2 CPR 200, Subpart E
- General Principles & Basic Premises
Test of Cost Allowability
Composition of Costs
Selected Items of Cost
- Overview
Compensation for Personal Services
Costs for Services
Buildings & Equipment Costs
Additional Selected Items of Cost
