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American Recovery and Reinvestment Act. Getting It Right, Keeping It Right, & Staying Ahead of The Game April 2009. ARRA: Getting It Right. WHO’S WATCHING? Government Accountability Office Team Office of the Inspector General Team s Congress State Legislature State Auditor The Public - PowerPoint PPT Presentation
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American Recovery and Reinvestment ActGetting It Right, Keeping It
Right, &Staying Ahead of The Game
April 2009
ARRA: Getting It RightWHO’S WATCHING?
Government Accountability Office TeamOffice of the Inspector General TeamsCongressState LegislatureState AuditorThe PublicThe Media
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WHAT IS EXPECTED?TRANSPARENCYNo Loss of Existing ServicesIncreases in New ServicesEfficiency and Effectiveness of ProgramsAccountabilityAudits:
Traditional Financial and Real Time Programmatic
Job Creation and Job Retention Efforts
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ARRA: Getting It Right
HOW DO WE DO IT?Segregated AccountingInternal Controls TestingWorkflow AnalysisRight People, Right PlanControl Groups, TeamworkCommunication, ReportingSPEND WISELY
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ARRA: Getting It Right
ARRA: Keeping It RightFOUR EXPECTATIONS:
Strong internal controlsRationale for every expenditure and obligationJob impact reporting
Retained Created
Tracking funds (pre-audit) all the way to expenditure at the local (final) level
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ARRA: Keeping It RightGAO Team will use the latest single audit reports
Agencies need to :Get it, Read it, Be aware of your agency’s findingsHave a corrective action planHave a future risk mitigation planWork to strengthen controls and processes
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ARRA: Keeping It RightREGARDLESS OF ANY RUMORS
The Single Audit will continueGovernment is going to be held accountable for its moneySpeed does not take precedence over prudence
OIG, GAO, and Federal Agencies will all be asking for data
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ARRA: Staying Ahead of the Game
THREE LEGGED STOOLNon/Underfunded mandate—Make sure you spend correctlyResources-Check federal agency and OMB websites continuously for guidance and updatesRemember your A-133—It is still a requirement
OIG and GAO have separate teams, looking at separate items
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ARRA: Staying Ahead of the GameOSA Regional TrainingSchools (with DOE)MunicipalitiesCounties
OSA Technical AssistanceTrainingTechnicalities Bulletins
OSA Performance AuditLimited reviews of controls, systems
OSA Financial and ComplianceFinancial AuditsSingle Audit
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PresenterStacey E. Pickering
State Auditor
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Contact Information: 1-800-321-1275www.osa.state.ms.us
