1. Review common sections in a financial policies and procedures manual.
2. Determine what the Uniform Guidance requires.
3. Discuss steps to develop or update your organization's financial manual.
Well-defined financial policies and procedures help ensure compliance with federal grant regulations and clearly communicate the organization's processes and internal controls to its employees, monitors, auditors, and others. Financial policies and procedures should be reviewed and updated regularly to help ensure efficient grants management and compliance with funding regulations. This session will review the topics found in a standard financial policies and procedures manual and will discuss how your organization can implement a process for updating its manual.