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COVID-19 has resulted in additional funding for health centers. As frequently happens with new federal funding, the compliance environment evolves with the latest frequently asked question (FAQ) updates, new reporting guidelines, and documentation standards. While the climate is changing, that doesn’t mean health centers can wait passively for a perfect future date to begin taking compliance seriously.
In this session, an update will be provided on the current grants management environment. Presenters will share what they know, what they don’t know, and provide insight into how the compliance environment is evolving. We can be certain that things will continue to change, but this session will provide confirmation for some, ideas for many, and motivation for others. Compliance is a required part of this funding and ignorance is not an excuse that the Office of Inspector General (OIG) accepts.
Learning Objectives
Attendees will be familiar with new reporting requirements for COVID funds.
Discuss financial statement audit considerations after FASB works through and provides guidance to financial statement auditors in regards to stimulus grant funds
Review financial management requirements of Health Center financial records to refresh knowledge surrounding record keeping and the use of grant funds.
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