Fiscal Oversight and Risk Management
Navigating the complexities of grant fiscal oversight and risk management can be challenging. Ensuring compliance, maximizing impact, and safeguarding funds requires a robust and proactive approach. Our comprehensive suite of services provide pass-through entities and federal agencies with the expertise and support they need to successfully manage grant finances and mitigate potential risks. From fiscal monitoring and expenditure verification to internal controls assessment and risk mitigation strategies, we offer tailored solutions to strengthen your grant management practices and ensure accountability. Learn more about how we can help you achieve your grant objectives with confidence.
What We Do
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Fiscal Monitoring: We review financial reports and invoices to ensure that funds are being used appropriately and efficiently.
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Expenditure Verification: We verify that expenditures are allowable and in accordance with grant guidelines.
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Financial Management Systems Review: We assess the adequacy of financial management systems to ensure accuracy and compliance.​​
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Internal Controls Assessment: We evaluate the effectiveness of internal controls to safeguard funds and ensure compliance with grant requirements.
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Audit Verification: We verify that grant recipients have undergone required audits, where applicable.
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Risk Assessments: We identify potential threats to program success and develop mitigation strategies for pass-through agencies managing subrecipient grants.
Fiscal Monitoring Reviews
vs. Financial Audits
Although fiscal monitoring reviews and financial audits have some overlap, they are distinctly different professions governed by largely distinct legal authorities. If you think of financial audits as trauma medicine, fiscal monitoring reviews are the preventative medicine you need to avoid them.
Learn more from CEO Maribeth Vander Weele in her article: How Auditors Get it Wrong on Risk Assessments.
