What is a grant audit? After a grant is awarded, the grantor should ensure that the money is being spent the way it was intended. A grant audit is a formal check-up on a specific grant-funded project. While a “normal” audit generally looks at all of an organization’s finances, a grant audit only looks at […]
Any organization that relies heavily on grant money to operate projects or programs will likely experience a grant audit at some point. While many people think of an audit as a broad look at an organization’s overall finances, a grant audit is a more focused assessment. It looks specifically at how grant funds were spent
Being awarded a grant is an exciting achievement for any organization, but getting the award is only the first step in a long process. To succeed, a grantee’s team must treat grant management carefully and strategically by balancing strict financial rules with the actual performance of the project. By following a clear strategy, an organization