Allowability and Internal Controls
“Is this allowable?” is one of the most common, but sometimes difficult, questions that grants personnel face. This presentation will provide participants with an overview of the cost principles and selected items of cost found in Part 200 of the Uniform Grants Guidance. This presentation will also include an overview of best practices for compliant allowability procedures and internal controls, and review all relevant factors that non-federal entities must consider when determining allowability of costs.
Who Will Benefit?
This webinar is of value to all federal granting agencies, federal grant recipients, and everyone who works with federal grants, including:
- Grant and program administrators
- Grant program staff
- State, district and school personnel
- Program monitors
What Will You Learn?
- The basic factors of allowability including what consideration must be given to determine whether a cost is necessary, reasonable and allocable;
- What questions to ask in making allowability determinations and how to identify circumstances that make a cost unallowable;
- How to identify internal control weaknesses so that grantees may be better equipped to address problems, strengthen control and ensure compliance.
Brustein & Manasevit, PLLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education (CPE) on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: http://www.learningmarket.org.