Recently, HUD and the Office of Inspector General (OIG) issued the Fall 2016 Integrity Bulletin entitled "Implementing the Five Key Internal Controls." This bulletin describes the five standards of an effective internal control structure. In it, responsibility is clearly assigned for the control environment to the management that’s overseeing the grant.
All grant programs subject to 2 CFR 200 are required to follow the uniform administrative requirements found in 2 CFR 200.303. This requires that an organization follow either the "Green Book" (Federal Entities) or "COSO" (public companies) frameworks for designing, implementing, and operating an effective system of internal controls. These frameworks have five components of internal control and 17 sub-principals.
HORNE’s experience in creating a robust system of internal controls can protect the integrity of your program funding and we provide the skilled management you can entrust to oversee it.
We are proud to be a decidedly different CPA and business advisory firm that is constantly changing expectations about our industry. Whether we are supporting a private, public or government organization, our industry specialized teams bring empirical knowledge and a total commitment to helping you build operational efficiencies, manage risk, ensure compliance, prevent surprises and pursue opportunities. We’re here to help.
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