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Diane Publishing Books
Federal Grants: Agencies Performed Internal Control Assessments Consistent with Guidance and Are Addressing Internal Control Deficiencies
Beryl H. Davis (au)
Federal grants are a significant tool for helping to achieve national objectives as they fund many programs important to the public. In FY 2013, the federal government obligated over $555 billion for grants. Effective oversight of internal controls is important for providing reasonable assurance that grants are awarded properly, recipients are eligible, and federal grant funds are used as intended. This report (1) examines whether the five largest grant-making agencies' internal control oversight processes for their grant programs were consistent with Office of Management and Budget (OMB) requirements; and (2) describes internal control issues that have been reported related to the grants management process and key grant programs. Tables and figure. This is a print on demand report.
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