This session will explain the circumstances, urgency, and the five (5) step process in writing a Corrective Action Plan (CAP).
The federal government expects grants recipients to do a better job with the federal funds they are awarded. And one of the new goals of federal grant regulations as stated in 2 CFR Part 200 Uniform Guidance is to reduce the number of findings identified in a federal funding recipient audit or program review.
Better grant management means fewer findings, but the reality is that many grant professionals will experience either creating or implementing a corrective action plan in response to an audit or program finding.
- Review of the Audit Requirements contained in 2 CFR Part 200 Uniform Guidance, Subpart F (Audit Requirements)
- Review what a Corrective Action Plan is and is not.
- Review the five (5) Steps of a Corrective Action Plan:
- Step One: Root Cause Analysis
- Step Two: Corrective Measures and Urgency
- Step Three: Expected Outcomes
- Step Four: Implement the Plan
- Step Five: Follow Up and Monitor Compliance
Instructor: Vince Franco- Compliance and Resource Development Director
(The Native Learning Center)
Date: September 16, 2021
Time: 2:00 pm – 3:00 pm EST