4th quarter newsletter - Page 10

RESEARCH COMPLIANCE & ISSUES Report on Research Compliance Volume 12, Number 8 August 2015 Audit/Compliance Issues Ask the Experts: Area of Types of Compliance Requirements for Auditors The 12 types of compliance requirements auditors test for::  Activities Allowed and Unallowed  Allowable Costs/Cost Principles  Cash Managements  Eligibility  Equipment and Real Property Management  Matching, Effort Reporting, Earmarking Ms. Fara Damelin, Director,  Period of Performance Office of Investigations Legal Division,  Procurements and Suspension and Debarments Office of the Inspector General,  Program Income National Science Foundation  Reporting  Subrecipient Monitoring Mr. Kenneth L. Busch,  Special Tests and Provisions Senior Investigative Scientist, Office of Inspector General National Science Foundation HOW TO AVOID TROUBLE        Read and know the applicable grant conditions, rules and regulations when receiving federal grant funds: Provide and Document Training (Mandatory) Maintain (during, not after the fact) adequate documentation to support all expenditures Ensure your financial reporting matches your financial records Do not expend award funds post-expiration or for purposes unrelated to the award (COST TRANSFERS) Do not provide inaccurate information or false certifications to Grantee institution or Federal Agency Know and be able to document how you spent federal funds Information provided at National Sponsored Programs Administrators Alliance ( NSPAA) Technical Assistance Workshop, Arlington, VA, June 2015 10