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Navigating the Single Audit in the Era of COVID-19
Traditionally, cost allocation and indirect cost planning seem like an ancillary matter in the scheme of all that leaders in state, local, and tribal governments have to do. However, reporting the true cost of services agency-wide is hard to capture, especially in the wake of COVID-19 bringing revenue shortages, and several grants and funding streams to navigate.
The challenges that are compounded when individual departments complete their financial information in silos, leading to significant disconnect. The consequences can be severe in the long run, leading to audit findings and lack of transparency to the public.
Join our complimentary webinar to learn how preparing cost allocation plans in advance and using indirect cost rates, governments can find new revenue opportunities even despite the economic impacts of the pandemic. Specifically, attendees will learn: