Washington, DC (PRWEB) September 13, 2013
The list of organizations that have faced adverse publicity and cost disallowances because of noncompliance with laws, regulations, and award terms and conditions that applied to their federal grants and subgrants is long and noteworthy. Yet, the kinds of violations that they stood against were preventable with just a little application of “self-auditing” for compliance. The Sept. 24 Federal Fund Management Advisor webinar, “How to Assess Your Federal Grant Compliance Vulnerability,” will discuss how to conduct an effective compliance risk assessment, detect vulnerabilities and address them before they become compliance issues.
Federal grants expert Bob Lloyd will cover the following key points:
- The inherent features of federal programs that constitute the greatest noncompliance risk
- The kinds of control deficiencies that contribute to noncompliance risk
- The limitations of past audits as indicators of future risk
- The types of self-monitoring activities that can help reduce risk
- How to make judgments about which types of violations might be considered material and consequential
- How to create a compliance-oriented culture within an organization (without getting too bureaucratic)
- How to demonstrate a compliance posture to grantors and auditors
Visit http://federalfundmanagement.com/webinars/wg321_092413 for more details and registration information.
Bob Lloyd is a respected authority on policies and practices affecting the award, administration and oversight of federal grants, contracts and subawards. Mr. Lloyd has more than 40 years of experience in federal award implementation. Prior to starting his management consulting practice in Washington, D.C., in 1982, he served as the executive director of the Grants Management Advisory Service and held staff positions in two large federally funded organizations. Since then, he has been a consultant, trainer or advisor to award and audit units in 16 federal award-making departments and agencies, and to recipient and subrecipient organizations and their professional advisors located in all 50 states, the District of Columbia, several U.S. territories and 18 foreign countries. He is the principal author of several reference works on federal grants management and audits, and currently serves as contributing editor to Federal Grants News and Federal Auditing News, published jointly by Atlantic Information Services and NACUBO. He also is a Charter Life Member of the National Grants Management Association and served on its Board of Directors for five years.
Attendees of the Live Webinar Can Earn Up to 1.5 CPE Credits
Federal Fund Management Advisor is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: http://www.learningmarket.org.
About Federal Fund Management Advisor
Federal Fund Management Advisor is an organization that sponsors Federal Funding webinars and delivers free Federal Funding E-Strategies. Go to http://www.FederalFundManagement.com to read the latest E-Strategy, “When Spending Federal Grant Funds, Don’t Forget ‘The Washington Post Test’.”