3 Lessons Learned: Grant Auditing

3 Lessons Learned: Grant Auditing

Preparing for a grant audit can be quite intimidating. I can recall spending countless hours at work, sometimes even staying the night, creating new report templates, performing data quality checks, reading last minute updates to the Federal Register, finalizing budget narratives, and updating performance measures. Grant writing professionals are generally regarded as first-line technical assistance providers in preparing for audits, both internal and external, because of (a) their first-hand knowledge of the grant i.e. it’s scope or performance of work, budget, management plan, deliverable schedule, etc. and (b) their stewardship of internal and external auditing controls, protocols, and procedures i.e. grant administrative handbook(s), financial accounting protocols, procurement processes, grant administration, standard operating procedures, etc. Many of these lessons learned apply to nonprofit organizations, to include those organized as charities, membership or trade associations and chambers of commerce, and most public entities. This list is published, in part, to provide a fresh perspective and to inspire greater collaboration for active grant and proposal writers, their enthusiasts, and avid supporters. 

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