Internal Controls: A Key Management Tool for Reducing Risk

Developing and implementing adequate internal controls are essential for recipients and subrecipients to effectively manage funded grants and reduce associated risks. According to OMB’s Uniform Guidance (2 C.F.R. Part 200), robust internal controls can ensure your project management oversight aligns with federal grant guidance. Join Thompson Grants and Sandra Swab of SRSwab Consulting for an insightful webinar where we will discuss changes to federal guidance regarding internal controls and highlight critical areas where these controls are needed, such as travel, time and effort, procurement and more. Learn how internal controls can mitigate the risk of audit findings and ensure recipients and subrecipients maintain reasonable documentation to verify proper oversight. The webinar also will include pre-award discussions n about internal controls in grant proposals.

This session will enable you to:

• Learn about the inclusion of cybersecurity in OMB’s uniform guidance provision on internal controls.
• Understand how internal controls can reduce a recipient’s risk in managing a federal grant.
• Understand how internal controls apply to safeguarding personally identifiable information (PPI) and agency/grant defined information.
• Recognize which grant activities require internal control documentation.
• Provide recipients and subrecipients with information on how to include a discussion of internal controls in an application or proposal.
• Identify resources for internal controls for recipients and subrecipients.

Live attendees are eligible to receive 1.2 NASBA CPEs and/or 1.2 GPCI CEUs.

What is the most important benefit attendees will gain through this event? What is their motivation for attending?

Who Will Benefit: This webinar is perfect for:

• Program and Project Grant Managers
• Executives
• Financial Officers
• Grants Management Staff
• Budget Officers