By Doug K. Nickerson, CPA, CCA, Partner
Update on Shuttered Venue Operators Grant Compliance
Small Business Administration Webinars Address SVOG Audit Requirements
On May 18, 2022, the Shuttered Venue Operators Grant (SVOG) team at the Small Business Administration (SBA) launched its first webinar in a three-part webinar series dedicated to the audit requirements of the SVOG Program entitled “An Introduction to SVOG Audit Requirements”. A replay of the webinar can be viewed here. The topics covered included:
- An overview of the SVOG Program audit requirements
- Information on the Single Audit and Program Specific Audit processes
- Auditee and auditor roles and responsibilities
- Audit report submission process
- Audit reporting package content
- Useful information and support
The remaining webinars can be accessed here under section Audit Requirements and include:
- Auditing and the Compliance Supplemental – Thursday, June 9, 2022 at 2:00pm (EST)
- Audit Requirements for For-Profit Entities – Date TBD, July 2022
Update to the 2022 Compliance Supplement
In addition, on May 11, 2022, the Office of Management and Budget (OMB), a component of the Executive Office of the President of the United States that oversees all federal programs, issued an update to the 2022 Compliance Supplement (version April 2022) to include guidance on the Shuttered Venue Operators Grant program (CFDA 59.075). The updated Compliance Supplement provides guidance on program objectives, program procedures, and compliance requirements for the SVOG program. A complete copy of the April 2022 Compliance Supplement can be accessed here.
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, CCA, 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.
