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<TITLE>[OSFA] Free Training for Designing Internal Controls for Federal Grant Programs - Sponsored by State Controller's Division</TITLE>
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<P><FONT COLOR="#808000" FACE="Tahoma">This training event is<U><B> free</B></U><B></B> (sponsored by the State Controller’s Division); registration information is included at the bottom of this announcement.</FONT> </P>
<P><FONT COLOR="#808000" FACE="Tahoma">Please Note: This is an audio conference style training; however the SCD is only sponsoring one line for this event and participants will need to attend in person at the SCD sponsored location (listed in the “Registration Information” section below).</FONT><FONT COLOR="#808000" SIZE=2 FACE="Tahoma"></FONT> </P>
<P><B><FONT COLOR="#000080" SIZE=5 FACE="Arial">Designing Internal Controls for Federal Grant Programs</FONT></B>
<BR><B><FONT FACE="Arial">A 90 Minute Interactive Audio Conference</FONT></B>
<BR><B><FONT COLOR="#000080" SIZE=2 FACE="Arial">Thursday, February 18, 2010<BR>
11:00pm to 12:30pm</FONT></B>
<BR><FONT SIZE=2 FACE="Arial">Federal policies affecting administration and audit of grants and subgrants require that recipient and subrecipient organizations design and operate effective internal controls over cash, property, and other assets, over compliance with laws and regulations, and over financial reporting. The resulting procedures are intended to prevent and detect financial misstatements and violations of federal requirements. Independent auditors performing OMB Circular A-133 audits must gain an understanding of these controls and report any deficiencies in them.<BR>
<BR>
The professional and government audit standards affecting that reporting have recently changed in important ways. They've "lowered the bar" for what is being reported as a "significant deficiency" or a "material weakness." More importantly, federal agencies are reviewing Single Audits more closely, resulting in those audits becoming more rigorous. As a result, recipients and subrepicients need to understand i nternal control processes and implement them. This audio conference will help you launch those kinds of successful efforts.<BR>
<BR>
Join</FONT><B></B><B> <FONT FACE="Arial">Bob Lloyd</FONT></B> <FONT SIZE=2 FACE="Arial">and</FONT><B></B><B><FONT FACE="Arial"> Sefton Boyars</FONT></B><FONT SIZE=2 FACE="Arial"> respected authorities on the policies and practices affecting acquisition, award, management, and audit of federal grants and contracts, and long-time speakers at Thompson Interactive audio conferences for this informative session.</FONT> </P>
<P><B><FONT COLOR="#000000" SIZE=2 FACE="Arial">Major Learning Points or Questions That Will Be Answered:</FONT></B>
<UL>
<UL>
<LI><FONT SIZE=2 FACE="Arial">Specific federal requirements for designing grant related internal controls</FONT><FONT FACE="Times New Roman"> </FONT></LI>
<LI><FONT SIZE=2 FACE="Arial">Common standards for internal control policies and procedures, such as the so-called COSO model and the standards that the federal government applies to itself</FONT> </LI>
<LI><FONT SIZE=2 FACE="Arial">Grant compliance areas where unique control procedures may be warranted</FONT><FONT FACE="Times New Roman"> </FONT></LI>
<LI><FONT SIZE=2 FACE="Arial">Cost and benefit balancing and the concept of "reasonable assurance"</FONT><FONT FACE="Times New Roman"> </FONT></LI>
<LI><FONT SIZE=2 FACE="Arial">Revised internal control reporting criteria that independent auditors must now employ</FONT><FONT FACE="Times New Roman"> </FONT></LI>
</UL></UL>
<P><B><FONT COLOR="#000000" SIZE=2 FACE="Arial">Attendees Who Will Benefit From This Audio Conference Include:</FONT></B>
<UL>
<UL>
<LI><FONT SIZE=2 FACE="Arial">Grants Administrators</FONT><FONT FACE="Times New Roman"> </FONT></LI>
<LI><FONT SIZE=2 FACE="Arial">Financial Staff</FONT><FONT FACE="Times New Roman"> </FONT></LI>
<LI><FONT SIZE=2 FACE="Arial">Internal and External Auditors</FONT><FONT FACE="Times New Roman"> </FONT></LI>
<LI><FONT SIZE=2 FACE="Arial">Program Managers</FONT><FONT FACE="Times New Roman"> </FONT></LI>
<LI><FONT SIZE=2 FACE="Arial">Executive Managers</FONT><FONT FACE="Times New Roman"> </FONT></LI>
</UL></UL>
<P><U><B><FONT SIZE=2 FACE="Arial">Registration Information</FONT></B></U><B></B>
<BR><B><FONT COLOR="#000000" SIZE=2 FACE="Arial">Date:</FONT></B> <FONT COLOR="#000000" SIZE=2 FACE="Arial">Thursday, February 18, 2010</FONT> <BR>
<B></B><B></B><B><FONT COLOR="#000000" SIZE=2 FACE="Arial">Time:</FONT></B> <FONT COLOR="#000000" SIZE=2 FACE="Arial">11:00 - 12:30 p.m.</FONT> <BR>
<B></B><B></B><B><FONT COLOR="#000000" SIZE=2 FACE="Arial">Cost:</FONT></B> <B></B><B></B><B> <FONT COLOR="#FF0000" SIZE=2 FACE="Arial">FREE</FONT></B> <FONT SIZE=2 FACE="Arial">(Sponsored by DAS, State Controller’s Division)</FONT> <BR>
<B></B><B></B><B><FONT COLOR="#000000" SIZE=2 FACE="Arial">Location:</FONT></B> <FONT COLOR="#000000" SIZE=2 FACE="Arial">Oregon Department of Veterans’ Affairs Auditorium</FONT>
<BR><FONT COLOR="#000000" SIZE=2 FACE="Arial">700 Summer St. NE</FONT>
<BR><FONT COLOR="#000000" SIZE=2 FACE="Arial">Salem, OR 97301</FONT><BR>
<B></B><B></B><B><FONT COLOR="#000000" SIZE=2 FACE="Arial">CPE:</FONT></B> <FONT COLOR="#000000" SIZE=2 FACE="Arial">1.5 credit hours</FONT> <BR>
<B></B><B></B><B><FONT COLOR="#000000" SIZE=2 FACE="Arial">Registration:</FONT></B> <B></B><B></B><B> <FONT SIZE=2 FACE="Arial">If you are interested in attending, please sign-up early by sending an email to</FONT></B><FONT SIZE=2 FACE="Arial"></FONT><B> </B><A HREF="mailto:SCD.Training@das.state.or.us"><B></B><B></B><B><U><FONT COLOR="#0000FF" SIZE=2 FACE="Arial">SCD.Training@das.state.or.us</FONT></U></B><B></B></A><B></B><FONT SIZE=2 FACE="Arial">. The following information should be included in the text of your email:</FONT></P>
<P><FONT SIZE=2 FACE="Arial">1. Name and date of training (enter in subject line of message)</FONT>
<BR><FONT SIZE=2 FACE="Arial">2. Attendee name</FONT>
<BR><FONT SIZE=2 FACE="Arial">3. Agency name and address</FONT>
<BR><FONT SIZE=2 FACE="Arial">4. Email address</FONT>
<BR><FONT SIZE=2 FACE="Arial">5. Telephone number</FONT> <BR>
<FONT SIZE=2 FACE="Arial">If you have questions please contact Erin Haney at </FONT><A HREF="mailto:erin.d.haney@state.or.us"><U><FONT COLOR="#0000FF" SIZE=2 FACE="Arial">erin.d.haney@state.or.us</FONT></U></A><FONT SIZE=2 FACE="Arial"> or Gerold Floyd at </FONT><A HREF="mailto:gerold.j.floyd@state.or.us"><U><FONT COLOR="#0000FF" SIZE=2 FACE="Arial">gerold.j.floyd@state.or.us</FONT></U></A><FONT SIZE=2 FACE="Arial">.</FONT> </P>
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<P><FONT SIZE=6 FACE="Pristina">Debra Burger</FONT>
<BR><FONT SIZE=2 FACE="Comic Sans MS">OSFA President</FONT>
<BR><FONT SIZE=2 FACE="Comic Sans MS">Phone (503) 986-3916</FONT>
<BR><FONT SIZE=2 FACE="Comic Sans MS">Fax (503) 986-4141</FONT>
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