[CAFR-Contacts-News] Training Opportunity: Internal Controls for Federal Grants Programs, September 15, 11 a.m.
ROSS Kathryn * SCD SARS
Kathryn.Ross at state.or.us
Thu Sep 4 14:20:36 PDT 2008
Designing Internal Controls for Federal Grant Programs
A 90-minute Interactive Audio Conference
Monday September 15, 2008
11:00am to 12:30pm
Several federal policies affecting administration and audit of grants
and subgrants require that recipient and subrecipient organizations
design and operate effective internal controls over cash, property, and
other assets, over compliance with laws and regulations, and over
financial reporting. The resulting procedures are intended to prevent
and detect financial misstatements and violations of federal
requirements. Independent auditors performing OMB Circular A-133 audits
are required to gain an understanding of these controls and to report
any deficiencies in them. The professional and government audit
standards affecting that reporting have recently changed in important
ways. They've already "lowered the bar" for what is being reported as a
"significant deficiency" or a "material weakness." That suggests that
knowing what's really required and performing a self-assessment of those
controls are timely steps for recipients and subrepicients to perform.
This audio conference will help you launch those kinds of successful
Learning Points To Be Answered:
* Specific federal requirements for designing grant related
* Common standards for internal control policies and procedures,
such as the so-called COSO model and the standards that the federal
government applies to itself.
* Grant compliance areas where unique control procedures may be
* Cost and benefit balancing and the concept of "reasonable
* Revised internal control reporting criteria that independent
auditors must now employ.
The featured presenter is Bob Lloyd. Mr. Lloyd is a long-time speaker
for Thompson Interactive audio conferences and a respected authority on
federal policies affecting acquisition, award and audit of federal
grants, with more than 35 years of experience in federal award
administration and oversight.
Attendees Who Will Benefit From This Audio Conference Include:
* Grants Administrators
* Financial Staff
* Internal and External Auditors
* Program Managers
* Executive Managers
Date: Monday, September 15, 2008
Time: 11:00 a.m. - 12:30 p.m.
Location: Department of Administrative Services
Conference Room A
155 Cottage St. NE
Cost: FREE (sponsored by SCD)
CPE: 1.5 credits
To register: SEATING IS LIMITED TO 30 PEOPLE. If you are
interested in attending, please sign-up early by sending an email to
SCD.REGISTER at state.or.us. The following information should be included
in the text of your email:
1. Name and date of training (enter in subject line of message)
2. Attendee name
3. Agency name and address
4. Email address
5. Telephone number
If you have any questions, please call Erin Haney at 503-378-3156 ext.
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