Kim McGatlin, Assistant Director, Financial Management and Assurance, US Government Accountability Office (GAO)
The Uniform Guidance brought renewed focus on internal controls through making explicit non-Federal entities responsibilities to effective internal controls. The entities internal controls should be in compliance with guidance issued by the Government Accountability Office (GAO) and Committee of Sponsoring Organizations of the Treadway Commission (COSO). In September 2014, GAO released Standards for Internal Control in the Federal Government, which became effective for fiscal year 2016. Federal agencies are required to adhere to GAO’s Standards, while state, local, and quasi-governmental entities, as well as not-for-profit organizations, may adopt the Standards. This session will provide a basic understanding of internal controls including the components that can apply to an agency or an entity.
Establish a fundamental understanding of internal control;
Describe the five components of internal control and the associated principles;
Discuss internal control deficiencies identified in GAO reports.
Individuals can view the monthly training sessions as an on-demand/recorded webcast from your own personal computer after noon on the Friday following the training program. Once payment is received, viewing information is emailed to the registrant. A registration fee is required for each viewer.
Refunds will only be given for cancellations received by noon the Friday prior to training. There are no exceptions. Substitutions are allowed. For additional information regarding refunds, complaints and/or program cancellation policies, please contact Kelli Klepic at (202) 308-9443.
National Grants Management Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.