For years, the federal government’s uniform grants management guidance has required recipients and subrecipients to “establish and maintain” effective internal control over their grants that provides “reasonable assurance” of compliance with award terms and conditions. In the 2024 revision to that policy, the Office of Management and Budget made a couple of subtle word changes: It added the word “document” to its instruction, and stated that the documented controls “should align” with the Government Accountability Office’s Standards for Internal Control in the Federal Government — the GAO “Green Book.”
A recently revised Green Book emphasizes control activities that will prevent and mitigate weaknesses. So, with all the challenges you face in the current federal grant environment, reassessing grant internal controls for alignment with the Green Book has just been added to your to-do list.
This webinar will explore the implications of the revised standards and how your organization should apply them to your internal controls over grant-funded programs. We’ll review:
- The authoritative internal control framework
- The five standard elements of internal control
- The seventeen standard internal control principles
- Applicable practices and procedures
- Using appropriate concepts and language
And we’ll cover:
- What’s new and why that’s important?
- Strengthened risk assessment
- Scalability — adaptation to nonfederal environments
- Examples of preventive and detective activities
- Documentation expectations
Internal control over grants is a recurring federal theme. Make getting familiar with the state of the art a prudent and current action.
Who should attend:
- Grants program staff
- Financial management staff
- Executives
- Finance directors
- Federal program managers
- Internal auditors
External auditors
Hand-out Materials:
Attendees will receive presentation slides as well as access to background materials.
Allowable Charges
The costs of webinars sponsored by Federal Fund Management Advisor™ are allowable charges to your federal grants and subgrants. The cost principles issued by OMB under its uniform guidance (and applicable to all types of awardees) state, “The cost of training and education for employee development is allowable” (2 CFR 200.472).
Attend this Live Webinar and Earn up to 1.8 CPE Credits