1. What to Expect When You’re Expecting…a CPB Audit By Mary Lewis

2. What to know…. General Provisions and Eligibility Criteria for both TV & Radio Certification Requirements for Station Grants Recipients

3. Audit Letter Confirms Audit Objectives Introduces auditor Outlines the scope of work Requests initial information available upon arrival

4. Discreet Accounting All revenue received from CPB in one account All expenses paid using CPB grant money located in one report Ability to print immediate reports showing above

5. Audit Procedures Audit Procedures for Reporting NFFS Gaining an Understanding of Internal Controls Fraud Risk Questionnaire

6. The Financial Report Map AFR Annual Audited Financial Statement Trial Balance General Ledger Accounts (map)

7. General Ledger Accounts All accounts that relate to any number that is used to calculate your NFFS dollars All revenue accounts All expense accounts that were paid by CSG funds All in-kind donation accounts that were reported as NFFS

8. Revenue Accounts You will need to provide: Original Contract with signatures Invoicing work order Invoice Copy of check or form of payment received Deposit form Bank statement showing deposit of funds

9. Expense Accounts You will need to provide: Invoice/bill Purchase order or proof of authorized purchase Copy of check or form of payment Bank statement showing check cleared

10. Annual Dues/Fees Letters from PBS, NPR, American Public Media, etc. stating your annual dues/fees Service Contracts Rent/Lease Contracts All Vendor Contracts

11. Independent Accountant Obtaining audit work papers Attestation Function

12. Policies/Procedures PPolicies & Procedures Manual EEmployee Handbook CCorporate Policies BBoard of Directors By-Laws

13. Communications Act Open Meetings Open Financial Records CAB Equal Employment Opportunity Donor List/Political Activities

14. Time Sensative Divisions of Audit Time Frames Preliminary Observations

15. Correspondence Notification Letter Draft Audit Determination Letter Required Actions

16. Questions?