[OSFA] Free Training for Designing Internal Controls for Federal Grant Programs - Sponsored by State Controller's Division

[BURGER Debra A]

This training event is free (sponsored by the State Controller's
Division); registration information is included at the bottom of this
announcement. 
Please Note: This is an audio conference style training; however the SCD
is only sponsoring one line for this event and participants will need to
attend in person at the SCD sponsored location (listed in the
"Registration Information" section below). 
Designing Internal Controls for Federal Grant Programs 
A 90 Minute Interactive Audio Conference
Thursday, February 18, 2010
11:00pm to 12:30pm 
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 must gain an
understanding of these controls and report any deficiencies in them. 

The professional and government audit standards affecting that reporting
have recently changed in important ways. They've "lowered the bar" for
what is being reported as a "significant deficiency" or a "material
weakness." More importantly, federal agencies are reviewing Single
Audits more closely, resulting in those audits becoming more rigorous.
As a result, recipients and subrepicients need to understand i nternal
control processes and implement them. This audio conference will help
you launch those kinds of successful efforts. 

Join Bob Lloyd and Sefton Boyars respected authorities on the policies
and practices affecting acquisition, award, management, and audit of
federal grants and contracts, and long-time speakers at Thompson
Interactive audio conferences for this informative session. 
Major Learning Points or Questions That Will Be Answered:
*	Specific federal requirements for designing grant related
internal controls 
*	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
warranted 
*	Cost and benefit balancing and the concept of "reasonable
assurance" 
*	Revised internal control reporting criteria that independent
auditors must now employ 
Attendees Who Will Benefit From This Audio Conference Include:
*	Grants Administrators 
*	Financial Staff 
*	Internal and External Auditors 
*	Program Managers 
*	Executive Managers 
Registration Information 
Date:	Thursday, February 18, 2010	
Time: 	11:00 - 12:30 p.m. 	
Cost:	FREE (Sponsored by DAS, State Controller's Division)	
Location:	Oregon Department of Veterans' Affairs Auditorium
700 Summer St. NE
Salem, OR 97301	
CPE:	1.5 credit hours	
Registration:	If you are interested in attending, please sign-up early
by sending an email to SCD.Training at das.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 questions please contact Erin Haney at
erin.d.haney at state.or.us or Gerold Floyd at gerold.j.floyd at state.or.us. 


Debra Burger
OSFA President
Phone (503) 986-3916
Fax (503) 986-4141

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