Webinar: The Sixth Sense: Understanding and Applying the Guidance in Part 6 - Internal Controls of the OMB Compliance Supplement
The 2016 Office of Management and Budget (OMB) 2 CFR 200, Subpart F- Compliance Supplement includes important updates to Part 6 - Internal Controls. For the first time since Uniform Guidance went into effect, the Supplement specifies characteristics of internal controls that should reasonably ensure with federal awards and details standards of internal controls for auditors.
The Uniform Guidance emphasizes the importance of institutions establishing internal controls and a "culture of compliance". While the Compliance Supplement is not prescriptive on the system of internal controls an institution must have, Part 6 is helpful advisory guidance to use as a framework for assessing your institution's control environment.
Please join us for a complimentary webinar in which we will break down Part 6, including answering questions such as:
- How is Part 6 different from its predecessors?
- How can your institution evaluate its internal control structure?
- What should your institution consider when developing or supplementing the control environment?
Our webinar will also provide specific examples of applying the guidance in Part 6 to the Compliance Requirements that are the focus of the Single Audit, including: Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring.
Marisa Zuskar, Director
Marisa assists research institutions and academic medical centers with research compliance and operational improvement. Marisa leads engagements related to federal regulation compliance and interpretation of federal requirements, including managing communications with federal agencies to bring resolution to compliance matters. She assisted multiple institutions in addressing and implementing the Uniform Guidance and has supported institutions in resolving sponsored award suspensions.
Chris Steele, Manager
Chris concentrates his practice on assisting universities, hospital, and research institutes in research administration operations. Chris has served as the Interim Director of Research Finance at major non-profit organizations, where he has overseen multiple portfolios comprised of federal and state awards and private grants. He provides institutions with Single Audit (previously A-133 Audit) management support, financial statement audit support, and agency- specific audit support.
Amanda Ferguson, Associate
Amanda focuses on research operations and regulatory compliance at academic medical centers and research hospitals. Amanda has conducted compliance assessments for major research institutions, children's hospitals, and community hospitals across the country. She provides Corporate Integrity Agreement implementation support for institutions and facilitates reporting to and communications with the HHS OIG.Read More