The OMB Super Circular: Part 3 - Internal Controls: Meeting Federal Requirements for Accountability

February 11, 2015

1:00 PM - 2:30 PM

The OMB Super Circular highlighted the importance of the internal control requirement in meeting the guidance's goal of minimizing fraud, waste, and abuse. This webinar supported tribal governments' ability to manage more effectively and efficiently by developing a plan for monitoring spending and implementing a plan of action for when irregularities occur.

Topics covered:

  • How sound internal control is an integral part of every aspect of management (responsibilities of tribal leadership, internal auditors, and external auditors).
  • How to properly design, maintain, and evaluate your tribe's policies and procedures.
  • How fraud can be identified and how identified fraud should be managed.
  • Why good internal control is essential for accountability and mission accomplishment throughout the tribe.

Co-Presented by Jennifer Parisien, Financial Management Policy Specialist, NAFOA, and Rachel Loudon, Manager, Finley & Cook, PLLC.