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Internal Controls and Self-Assessment

Internal Controls and Self-Assessment Steven Spillan, Esq. Senior Associate Brustein & Manasevit, PLLC. Brustein & Manasevit, PLLC 2019. All rights reserved. 1. WHAT IS A CONTROL Self-Assessment ? A management technique that reviews whether an organization's Internal Controls system is reliable. That is, an individual within an organization performs effectiveness testing to verify that key Controls are functioning properly, resulting in the detection or elimination of weaknesses. Brustein & Manasevit, PLLC 2019. All rights reserved. 2. AGENDA.

•Audit & monitoring reports are great assessment tools for internal controls…but •Corrective Actions are dictated by Feds or Pass-Through; and •Could include monetary liability = repayment of funds •If non-federal entities identify and mitigate risks through

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