1. Discuss the requirements for internal controls.
2. Explore internal control components.
3. Identify how to apply internal controls to your organization.
Federally funded organizations are required to establish and maintain effective internal controls. The Uniform Guidance states that your internal controls should comply with the Standards for Internal Control in the Federal Government (Green Book) or the COSO Framework. In this session, we will review the components of internal control, from the control environment to monitoring and risk assessment. We will also discuss ways your organization can continue effective internal controls in our ever-changing world.