The Compliance Carousel

NGMA AGT Breakout Session 

Session Description: The Compliance Feedback Loop is a continuous cycle that ensures subrecipients not only receive oversight but also take timely corrective action — and that those corrective actions are fully implemented. This loop builds accountability, reduces repeat findings, and creates a culture of compliance.

It moves through three repeating stages:

1. Monitor: Identify issues through site visits, desk reviews, or audits. Issue audit report(s) with findings.
2. Correct: Review findings, issue corrective action requests, and support grantees in resolving them.
3. Verify: Follow up to confirm corrective actions are implemented. If not, continue monitoring until corrective actions are implemented. Once verified as complete, standard monitoring resumes.

Learning Objectives:

By the end of this session, participants will be able to:

1. Explain the three stages of the Compliance Feedback Loop.
2. Identify how the Corrective Action follow-up framework (AGA CAROI) fits into the monitoring cycle.
3. Recognize the importance of closing out Corrective Actions in reducing repeat findings.
4. Apply the loop to their own monitoring processes to strengthen accountability.

Format: Lecture (60min)

Course Level: Intermediate. This is an intermediate-level session designed for participants with a foundation in subrecipient monitoring. A working knowledge of basic audits principles is essential to participating in discussions.

Presenter Information:

Name: Mara Ash, CIA, CICA, CGFM, CMRA, CGAP

Title: CEO, BFS and North American Representative Institute of Internal Auditors, Public Sector Advisory Board