Best PracticesCase studiesGrants

The case for internal controls

Federal grantees are required to have written financial and management controls to safeguard public funds. Control systems are a good business practice in general regardless of whether an organization receives federal grants. These controls, or checks and balances, over expenses ensures funds aren’t misspent or embezzled. This case study, “ripped from the headlines,” illustrates the importance of establishing, and regularly testing, internal controls.