By Doug K. Nickerson, CPA, Partner
Highlights from SBA’s 2nd Shuttered Venue and Operators Grant Webinar
On June 9, 2022, the Shuttered Venue Operators Grant (SVOG) team at the Small Business Administration (SBA) launched its second webinar in a three-part webinar series dedicated to the audit requirements of the SVOG Program entitled “Auditing and Compliance Supplement”.
SVOG Webinar #2 Topics
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Recap of the Introduction to the Single Audit webinar
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SVOG Section of the Compliance Supplement
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Compliance Areas Specific to the SVOG Program
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Information and Support
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Questions
The primary audience of this webinar is not-for-profit entities that received and expended federal funds, including SVOG awards. Regardless, for-profit entities are encouraged to watch this webinar as there are program compliance items and audit consideration that they should be aware of as well. The third webinar in the series will cover the specific audit options and compliance requirements for for-profit entities receiving SVOG awards only. A link to the final webinar is included below.
Key Webinar Takeaways
- A deeper discussion on Pre-Award Costs and how they impact audit requirements
- Compliance Supplement’s required compliance areas for audit: activities allowed or unallowable, allowable costs / costs principles, and period of performance
- Common audit procedures and supporting documentation
Access Webinar #2: Auditing and the Compliance Supplement – Thursday, June 9, 2022 at 2:00pm (EST)
Access Webinar #3 in the Audit Requirements Section: Audit Requirements for For-Profit Entities – July 14, 2022, 2:00pm – 3:30pm ET
Our team of experienced professionals can help you understand the compliance requirements and assist you with the audit of your SVOG Program funds and any other COVID-related Federal program grant awards your company has received. Contact your Keiter Opportunity Advisor or Email | Call: 804.747.0000
Download our Complimentary SVOG Expense Tracker
About the Author
Doug K. Nickerson, CPA, Partner
Doug shares his real estate and construction accounting insights with his clients to help them achieve their financial goals. Doug is the leader of Keiter’s Construction Industry team and is a member of Keiter’s Real Estate, Healthcare & Medical Services, and Manufacturing Industry teams. Doug has over 18 years of experience in corporate accounting and public accounting providing audit and consulting services.
More Insights from Doug K. NickersonThe information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.
