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USBE emphasizes internal controls and allowable costs to prevent losses and findings
Summary
Corey Erickson of the USBE special education team explained why monitors review LEA internal controls, outlined allowable‑cost principles under IDEA, and gave examples (p‑card thresholds, segregation of duties) of controls that reduce risk.
Corey Erickson, a presenter on the USBE special education fiscal monitoring team, told charter business managers that monitors prioritize understanding internal control systems over simply reviewing paperwork.
Erickson said federal rules and USBE administrative rules require LEAs receiving federal awards to establish and maintain effective internal controls that provide reasonable assurance funds are used…
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