The Uniform Guidance states in §200.61 Internal Controls are a process implemented by a non-Federal entity, such as CUNY, designed to provide reasonable assurance regarding the achievement of objectives in the following categories:
- Effectiveness and efficiency of operations;
- Reliability of reporting for internal and external use; and
- Compliance with applicable laws and regulations.
In accordance with §200.303, a non-Federal entities such as CUNY must maintain effective internal control over the federal award that provides reasonable assurance that the entity is managing the federal award in compliance with federal statutes, regulations, and the terms and conditions of the award.