Like with all allocated federal funds, it is subject to audit and could create issues for tribes.
I knew, from coming off American Recovery and Reinvestment Act of 2009, audit would be an issue and I know we can help with our new product offering.
In the meeting , we talked about Allowability of Cost and there were a lot of questions; they want to know how to account for the interest free loans and how audit issues can be avoided.
We are currently putting together a listing to share with tribes, plus we’ve published other facts sheets on our
This is a huge pot of money for economic relief and a lot of tribes are going to need help.
That's why we are developing a uniform guidance on allowable costs and all accounting issues.
Short-term challenges that may arise once the funding is secured, such as effects on financial planning models, audit, compliance and accountability structures.
We can help to solve these issues and assist organizations with a hands on approach.
We can assist with:
- Funding options made available through the CARES act
- Application process
- Accounting processes for proper reporting, accountability and compliance
- All audit related issues
- Administration of stimulus funds
Contact us, and together we can prepare to maximize resources.
Sean McCabe, CPA