This grant opportunity is for organizations that do not need a full internal control examination and review and would benefit from an internal control set-up. Total grant amount for this option is $900.00.
In order to complete a financial review of your estate or trust we will need to insure that the trust agreement allows the beneficiary to request and conduct a third party review. The review of your trust accounting records will provide an overall analysis of the accuracy of the trusts assets and liabilities. We can also continue to provide monthly, quarterly, semi-annual or annual reviews to assure that the trust assets are safeguarded against misappropriation. As will any fraud risks, having a consistent financial review does not guarantee that fraud won’t occur, it does reduce the risks of embezzlement as well as lowering the duration of the fraud and loss amount.
After your grant based internal control examination or set-up, your organization should continue with completing internal control review maintenance. The organization is at will to enter into a contract with the consultant or examiner through their own engagement agreement. Business Fraud Prevention only provides one grant per organization. Any services after the approved grant must be paid for by the organization with the consultant.