NCURA Live Webinar : Cost Transfers: Evaluating your Current Procedures to Mitigate Risk

Link for extra login registration: https://onlinelearning.ncura.edu/p/230522costXLtransfers

Website information: https://onlinelearning.ncura.edu/products/cost-transfers-evaluating-your-current-procedures-to-mitigate-risk#tab-product_tab_overview

Cost Transfers: Evaluating your Current Procedures to Mitigate Risk

May 22, 2023
2:00 – 3:30 pm EDT * Webinar
3:35 – 4:30 pm EDT * After the Show * Talk with the Faculty Directly!

Cost transfers are always an area of high scrutiny. While the simplest suggestion is to prevent them altogether, in many cases they are unavoidable. This webinar will explore the federal requirements surrounding cost transfers and examine how two different institutions have implemented policies to monitor compliance and mitigate the risk associated with these types of transactions. We will discuss ways to ensure all cost transfers are appropriate, timely, and most importantly, sufficiently documented.

Format of webinar: 90-minute presentation, followed by 55 minutes of discussion.

Learning Objectives:

• Participants will gain an understanding of federal guidance surrounding cost transfers and will become familiar with audit compliance issues related to documentation and timing of cost transfers.
• Participants can expect to leave the webinar with best practices for minimizing the need for cost transfers and managing them appropriately when the transactions are necessary. These best practices will serve as a guide for participants to evaluate their own institutional policies for compliance.