Federal grant recipients navigate a complex set of compliance requirements, Uniform Guidance provisions, and logistical challenges.
Federal grant programs can provide much-needed financial relief to state and local governmental entities and not-for-profit organizations. However, grant recipients must administer programs and spending in accordance with the provisions of the Uniform Guidance, as well as specific program regulations. These provisions include:
- Establishment of adequate internal controls over compliance
- Documentation of policies and procedures for determining allowable costs
- Accurate financial reporting of grant and program activity
- Monitoring of subrecipients and contractors
- Implementation of anti-fraud, waste, and abuse processes
The risks of non-compliance include the loss of available funding, the cost of resources necessary to address audit findings and implement corrective measures, financial loss due to fraud or mismanagement, and reputational damage.
From pre-award to post-closeout, EisnerAmper understands the grants management process. We have the experience to help with grants management administration, oversight, compliance, auditing, and subrecipient monitoring. We can help design efficient processes and navigate complex requirements and provide guidance related to grant program compliance, advise in the establishment and documentation of internal controls, prepare or design processes for grant distribution and requests, provide financial reports, and recommend process improvements, all while maintaining a focus on the appropriate, transparent, and efficient distribution of funds.
EisnerAmper offers an experienced team of grant managers, grant writers, accountants, auditors, internal controls specialists, fraud examiners, project managers, and other professionals with a deep understanding of the public sector and its unique challenges. We utilize our collective experience to work for you by providing services for all stages of the grant lifecycle.
As auditors of federal programs with extensive experience with reporting in accordance with the Uniform Guidance, we are keenly aware of these requirements and what your auditor will be looking for and can support you in mitigating the risk of audit findings related to your grants administration processes.
- Grant research and identification
- Grant writing and application assistance
- Development and management of grant disbursement programs
- Internal control assessment, review, and documentation
- Preparation of claims and reimbursement requests
- Establishment of accounting processes for tracking allowable costs
- Subrecipient monitoring and closeout
- Program policy and procedure development
- Preparation of indirect cost rate proposals
- Financial and performance reporting
- Fraud, waste, and abuse detection, prevention, and monitoring
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