Internal Controls for Grant Funded Entities

Internal Controls for Grant Funded Entities

Internal controls in grant-funded entities are essential to ensure compliance with laws, regulations, prevent fraud, waste and abuse, and safeguard assets. They provide a framework to ensure funds are used properly, enhancing accountability to funding sources. Strong controls reduce risks, improve operational efficiency, and ensure accurate financial reporting. Make sure that you know how to implement effective internal controls for your organization by attending this breakout session. During this session, attendees will:

• Gain an understanding of the components and principles of internal control;
• Learn the composition of sound internal controls; and,
• Participate in a discussion of internal control examples related to financial reporting and grants compliance.

Speakers