The cornerstone of proper use and treatment of your grant funds is knowing your compliance requirements. And just as important are the design and implementation of internal controls to meet those requirements.
The Uniform Guidance requires your organization to establish and maintain effective internal controls over federal awards that provide reasonable assurance that the award is being managed in compliance with federal statutes, regulations, and the terms and conditions of the award. It also states that, as a best practice, these internal controls should follow the “Internal Control Integrated Framework,” issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSCO).
CliftonLarsonAllen (CLA) has developed a proprietary Grant Program Understanding and Internal Control Workbook that can assist your organization in documenting the compliance requirements for each of your grant programs, and your internal controls following the COSO framework.
How we can help
CLA’s Grant Program Workbook provides you with a streamlined method for documentation, which eases the burden of preparing for your single audit. Our professionals are available to provide guidance as you interpret and navigate your compliance requirements.