Risk Mitigation Related to Government Audits of Stimulus Funds
11:30 AM - 1:00 PM
The federal government announced a number of high profile fraud and abuse cases surrounding the almost $6 trillion in stimulus funding provided to individuals, organizations, colleges, companies, state and local governments. To combat fraud, waste and abuse, the federal oversight agencies announced their intent to increase audits over the use of these funds. Learn what you need to do to mitigate all types of risks related to this funding, including the critical cybersecurity aspect.
Learning Objectives: After this presentation, attendees will:
- Understand the risks to recipients of the stimulus funds and steps to mitigate the risks.
- Know the specifics of the HHS Provider Relief Fund Program, including allowable expenses and lost revenues, reporting rules and timeline, recent changes to the reporting guidelines for the Phase 4 and ARP funding rounds.
- Be aware of the elements of an effective compliance plan and how to demonstrate compliance program effectiveness through the use of data.
- Understand how to conduct an effective cybersecurity risk management program and policy design, how to measure risk in cyber controls, what reasonable actions must be taken and how current threats may affect the risk management process.
This session offers 1.5 credits of CPE; additional CPE details on each session’s registration page.