2024 Compliance Supplement Update

The U.S. Office of Management and Budget (OMB) issued the 2024 OMB Compliance Supplement (Supplement) to assist both nonprofit and for-profit entities and their auditors comply with grant, contract, and federal requirements. This year’s changes to the Supplement will be discussed by BDO Professionals which include the updates made to the Uniform Guidance. Join us as we discuss the changes reflected in the Supplement and how these will impact organization’s and the Single Audit. We will also discuss OMB’s plans for future changes.

CPE Informationremove

Delivery: This webcast will be delivered via the BDO Online CPE Network

Prerequisites: None

Advanced Prep: None

Program Level: Basic

Learning Objectives: 

• Explain the changes to the 2024 OMB Compliance Supplement and the impact on auditee processes and procedures and the Single Audit.
• Describe the impact of the changes in the 2024 OMB Compliance Supplement on the major program determination and updates to the guidance for the key compliance requirements.
• Discuss the transition and implementation considerations for the new guidance relevant to their Single Audit requirements.

BDO USA, P.C., is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org