Body Text:*

The Schedule of Expenditures of Federal Awards (SEFA) is an important part of the reporting package required by Office of Management and Budget (OMB) Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. The SEFA is the responsibility of the auditee, but the auditor must give an opinion on the SEFA in relation to the auditee’s financial statements taken as a whole. 

In GAQC Alert #52 we informed you about the results of a federal study on the quality of audits performed under OMB Circular A-133 issued in June 2007.  The report titled, Report on National Single Audit Sampling Project (the PCIE report), was issued by the President’s Council on Integrity and Efficiency (PCIE) and can be accessed in its entirety by clicking here. To learn more about the PCIE report you can listen to the archived GAQC conference call titled, An Overview of the Results of the National Single Audit Sampling Project which is available on the GAQC Web site.

The PCIE report noted deficiencies in presentation and auditing of the SEFA. This Center call has been designed to point out the unique aspects of auditing and reporting on the SEFA, with special attention provided on the aspects of the PCIE report that related to the SEFA. This call will also provide you with suggestions on ways to improve audit work and documentation surrounding the SEFA. This GAQC member conference call titled, Schedule of Expenditures of Federal Awards – Reporting Improvements & Suggested Procedures, was presented on Thursday, March 6, 2008 from 1 PM to 3:00 PM (ET).

About the Presenters

Corey Arvizu is a partner for the accounting firm Heinfeld, Meech & Co. and is based in the firm’s Tucson office.  He currently manages audit services for municipalities, school districts, insurance funds, pension plans and not-for-profit organizations in both Arizona and New Mexico. In his role as a partner Corey provides guidance and training on accounting and auditing issues including GASB pronouncements, auditing standards, Government Auditing Standards, and Single Audits. Corey has spoken professionally on various auditing and accounting topics issues at a number of conferences for various organizations.  Corey is a Special Review Committee Member for the GFOA’s certificate program, a reviewer for the AICPA’s Peer Review Program, a member of the Executive Committee of the AICPA’s Governmental Audit Quality Center, and is the chair of the SEFA Task Force.

Barbara Cevallos is an audit senior manager in the Boston office of PricewaterhouseCoopers LLP specializing in OMB A-133 and regulatory matters regarding research and development and student financial aid in the health industries, higher education, and not-for-profit sectors. She has developed and taught internal training to our partners, managers and our staff related to performing audits in accordance with OMB A-133 and Student Financial Aid requirements.  Barbara’s client experience includes Harvard University, Tufts University, University of Pennsylvania, Partners HealthCare, Continuum Health Partners, and University of Medicine and Dentistry of New Jersey. She received her MBA and MILR degrees from Cornell University and a BA degree from the University of Massachusetts at Amherst. Barbara is a member of the American Institute of Certified Public Accountants, the Massachusetts Society of Certified Public Accountants, the National Council of University Research Administrators, and is a member of the SEFA Task Force.

Archived Call Listening Instructions

You should print out and have available the following attached presentation materials for reference during the archived call:

Schedule of Expenditures of Federal Awards – Reporting Improvements & Suggested Procedures Conference Call Slides (PowerPoint or PDF)

The presenters addressed some of the questions within the time allotted for the call. However, all questions received are posted on the GAQC Member Discussion Forum. We encourage you to visit the forum to post additional follow-up questions.

Thank you for your interest in this GAQC conference call.

Listen to the archived call in streaming audio

You can download the archived call for playing on your computer while offline or uploading to an MP3 player.  To do so, right click on the following link and select "Save Target As" or "Save Link As."  The download may take a while depending on your connection speed, so please be patient.

Download archived call to your computer or MP3 player

Body Text To be used by Import Tool: