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Proper internal controls are fundamental to effective financial management for grant recipients. Not only do they safeguard resources, but they also ensure compliance with regulatory requirements, particularly the standards outlined in Office of Management and Budget (OMB) 2 CFR 200. This webinar provides an overview of internal controls, explores key principles within OMB 200, and offers actionable suggestions for enhancing your financial management systems and accounting policies.
This session will enable you to:
- Understanding the importance of internal controls for grant recipients.
- Familiarization with the standards and principles outlined in OMB 2 CFR 200.
- Learning how to design and implement effective internal control systems.
- Gaining insight into best practices for financial management and accounting policies within the context of grant funding.
- Acquiring actionable strategies for enhancing existing internal controls to meet regulatory requirements.
Who Will Benefit: Anyone involved in the federal grant lifecycle
YOUR EXPERT(S):
Raymond Bantum
Mr. Bantum is the President of Bantum Consulting Service LLC. He specializes in providing Accounting and Information Technology consulting services to Native American tribes, Faith Based, Non-Profit, For Profit, Governmental, and Healthcare organizations. He has over 35 years of accounting and technology consulting experience. He is a CPA, and a CITP (Certified Information Technology Professional), and a CMC (Certified Management Consultant). He has served in the U.S. Air Force and received a Top-Secret Security clearance while in service to his country and received a Honorable Discharge from the Air Force and is a service disabled veteran. His company Bantum Consulting Services LLC is a certified Veteran Owned Services Disabled business with the SBA (Small Business Administration VetCert Program). He was also an auditor with the accounting firm of Deloitte and performed audits of federal grantees. He is a member of the AICPA American Institute of Certified Public Accountants, MACPA Maryland Association of CPAs, and NABA National Association of Black Accountants. He also has performed financial technical assistance consulting for the following federal agencies, HUD, HHS, and the Dept. of Labor. He also received an FBI security clearance while working with the Dept. of Justice FBI as a computer forensic subcontractor while serving as the External Technology Manager for the Mid Atlantic Office of Clifton Larsen Allen LLC.
CONTACT
Headquarters
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service@thompson.com
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