Internal Controls Over Federal Grant Programs — Fundamentals of Design and Operation

February 23, 2012 Webinar - Listen On-Demand or Get a CD!

The On-Demand recording will be available immediately upon purchase* as a link within a PDF file of the accompanying written materials. CDs and printed materials are shipped via USPS.

Learn how to design and implement internal controls for federal grant programs.

But while these controls are essential to effective handling of federal awards, there are very few places in the federal rulebooks that you or your auditors can point to and say that a specific feature must be present. Instead, the federal government has wisely refrained from dictating internal control procedures for recipients and subrecipients. It has chosen instead to introduce management standards that identify capabilities that internal control systems need to have, while leaving the design details to the affected entities. In a nutshell, there’s no “one size fits all” approach.

But before you relax because of this flexible approach, it’s important to recognize that the bar has been lowered in the characterization of internal control deficiencies in audit reports, and those reports are being used to help make federal award decisions. So it’s worthwhile to look at what’s really required for internal controls over federal programs and what’s simply prudent to have.

This webinar will help you do that. You’ll learn:

• What is the current model for internal control over federal programs?
• What reliable tools are available to help design those controls?
• What are the standards for federal grant financial management, purchasing and property management?
• Which key federal compliance requirements create vulnerabilities that warrant internal control responses?
• How do we strike a balance to reduce risk to a tolerable level?
• How should we handle legitimate departures from normal procedures? And, how should we handle problematic departures?

Level: Intermediate
Prerequisites: Some knowledge of federal grant management and audit requirements is helpful
Advanced preparation: None

Hand-out Materials

Attendees will receive presentation slides as well as background material.

Course Instructor

BOB LLOYD is a respected authority on policies and practices affecting the award, administration and oversight of federal grants, contracts and subawards. Mr. Lloyd has nearly 40 years of experience in federal award implementation. Prior to starting his management consulting practice in Washington, D.C., in 1982, he served as the executive director of the Grants Management Advisory Service and held staff positions in two large federally funded organizations. Since then, he has been a consultant, trainer or advisor to award and audit units in sixteen federal award-making departments and agencies, and to recipient and subrecipient organizations and their professional advisors located in all 50 states, the District of Columbia, several U.S territories and 18 foreign countries. He is the principal author of several reference works on federal grants management and audits, and currently serves as contributing editor to Federal Grants News and Federal Auditing News, published jointly by Atlantic Information Services, NACUBO and NCURA. He also is a Charter Life Member of the National Grants Management Association and served on its Board of Directors for five years.

Who Should Attend?

• Grant and Contract Administrators
• Sponsored Program Administrators
• Federal Program Managers
• Program managers
• Subaward administrators
• Internal Auditors
• External Auditors

Shipping Information

CDs (and accompanying written materials) are shipped via UPS. Please give us your street address when you order (UPS does not deliver to PO boxes). You should receive your order within two weeks.* Shipping and handling cost is $12.

The On-Demand Recording will be delivered as a link within a PDF file of the accompanying written materials. Shipping will NOT be charged for this item.

• If you order the On-Demand Recording before the conference date (by itself or in combination with the live Webinar), you will be sent an e-mail with the PDF file attached once the recording is available.*
• After the On-Demand Recording is available*, if you order on this website through our secure shopping cart, you will receive an e-mail, immediately after submitting your order, with a link directing you to download the PDF file. If you order through our customer service department (by phone, mail, fax or e-mail), you will be sent an e-mail with the PDF file attached.

Rush Orders: Please call us at 800-521-4323 to place a rush order.* We will overnight your order for an additional charge of $30, or you can give us your FedEx or UPS account number and we will charge the shipping to your account. Rush orders placed after 3:00pm EST will not be shipped out until the next business day.

*On-Demand recordings will be available within a week of the conference and CDs will be available within two weeks.

For more information regarding refunds, complaints, and/or program cancellations, please contact AIS’s Customer Service team.