You’ve probably been there at some point in your career: a brilliant idea was born, a team was assembled, and excitement was high as you started a new project. But in a few weeks or so, the project morphed into a chaotic web of missed deadlines, confusing email chains, and scope creep. How do you […]
In the world of auditing, you can’t look at everything. If you tried to check every receipt or interview every single employee, an audit would take years. To plan intelligently, auditors have to use their judgment to figure out where the biggest problems are likely to be hiding. This is called “Risk-Based Planning.” It’s the
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