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Internal Controls Considerations for CARES Act Funds

04.28.2020

As many organizations begin to receive funding through the CARES Act, there is uncertainty about what guidance to follow when accounting for and substantiating appropriate spending of these funds. 

These considerations can help the organization account for and track expenses until the federal government issues more detailed guidance:

  1. Set internal guidelines on allowable expenditures
  2. Identify and track expenditures
  3. Support expenditures
  4. Maintain internal controls
  5. Communicate

Click here to download our checklist of best practices and internal controls strategies management should consider implementing. 

For customized strategies to help your organization, contact Bianca Sarrach, Advisory Services Principal, at 314.984.1365 or bsarrach@bswllc.com, or Keenan McKinney, Advisory Services Manager, at 314.983.1316 or kmckinney@bswllc.com

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