The American Recovery and Reinvestment Act funding has brought an added emphasis on internal controls of recipient organizations. The new requirements may require significant changes in your control environment before you receive funds. As you develop and refine your controls you may have questions about what controls should be in place and how to implement the most cost effective controls and stay in compliance with grant requirements.

Your auditor can offer some assistance in structuring internal controls, but must also remain independent to perform the audit. As auditors we cannot be part of the internal control of an auditee’s organization or perform management functions.

The American Institute of Public Accountants (AICPA) has developed a white paper describing the concepts of internal controls and when a government organization may hire a CPA practitioner to provide assistance.

Click here to download the white paper.

If you have questions regarding internal controls or grant funding contact Lewis, Hooper & Dick, LLC at (620) 275-9267.

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