What Are Internal Controls and Why Are They Important?

Conference: IDIO 2022
Date: August 23, 2022
Presenters: Charlie Kniseley, Danny Rice, Ardith Ferguson, Katy McCullough, Anne Lucas

As Part C lead agencies work to improve their single line of responsibility for fiscal monitoring, an important consideration is how internal controls are related to and support a lead agency’s fiscal authority and accountability. This session introduced the Standards for Internal Control in the Federal Government, which provide a framework for establishing and maintaining an effective internal fiscal control across all levels of the system. Presenters from the Office of Special Education Programs and national technical assistance centers led a discussion of the five components of an internal control framework and why they are important to Part C lead agencies. Presenters also provided examples of internal controls.

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What Are Internal Controls and Why Are They Important?