Internal Controls – What They Are and Why We Need Them!

Inadequate or nonexistent internal controls are often cited in audit and monitoring reports as reasons why grantees and subgrantees are out of compliance with grant administration requirements. But what exactly are internal controls?  They are safeguards that grantees and subgrantees should have in place to protect the integrity of their programs and minimize the likelihood of waste, fraud and abuse.  

In this 90-minute webinar, Tiffany Winters of Brustein & Manasevit will explain what internal controls are, identify ways to detect weaknesses in internal controls and provide attendees with practical examples of internal controls that are recommended by federal agencies.  Ms. Winters will also be available to answer your questions about internal controls during the live Q&A portion of the webinar.  

Learning Points:

• Definition of internal controls
• Components of internal controls
• OMB Circular A-133 Compliance Supplement, Part 6
• OMB Circular A-123 Management's Responsibility for Internal Control

Who Should Attend:

• Grant administrators
• Grant program staff
• Accounting and finance staff
• Internal auditors
• Independent auditors

Tiffany R. Winters
Tiffany R. Winters joined Brustein & Manasevit in July 2006 and became a Partner in 2011. Since joining the firm, Ms. Winters has developed and conducted trainings on federal grants management requirements. Ms. Winters conducts mock monitoring visits of state and local educational agencies, colleges, universities and non-profits for fiscal and programmatic grant compliance. Ms. Winters also works with clients on the requirements of the Office of Management and Budget (OMB) circulars and other administrative regulations, such as the General Education Provisions Act (GEPA) and the Education Department General Administrative Regulations (EDGAR).
 
Ms. Winters graduated cum laude from Clemson University with a Bachelor’s Degree in Political Science in 2001 and graduated from the Catholic University Columbus School of Law in 2004. Ms. Winters is a member of the U.S. Supreme Court bar, the United State District Court for the District of Columbia bar, the District of Columbia bar and the Maryland bar.