Federal Grants Expert to Assess New Federal Grant Disclosure Requirements

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The April 16 webinar from Federal Fund Management Advisor will help grantees think through what, how and when they need to make their grantor aware of what is likely to be bad news.

Buried in the new consolidated policies governing federal grants management that the Office of Management and Budget (OMB) rolled out at the end of last year are some new requirements about mandatory disclosure. What they say is that an applicant or recipient or subrecipient of a federal award has an obligation to disclose, in writing, all violations of federal criminal law involving fraud, bribery or gratuity violations potentially affecting the award. Plus, the requirements add that failure to do so can result in a whole host of enforcement remedies. In the April 16 webinar, “OMB’s New Federal Grant Rules on Disclosure — How and When You Must Share Bad News,” participants will hear about the new requirements from Federal Fund Management Advisor principal and federal grants expert Bob Lloyd.

Mr. Lloyd will give answers to the important questions raised by these new rules for recipients and subrecipients, such as:

  • How does the federal criminal code define fraud, bribery or a gratuity violation?
  • What’s the difference between an allegation and a violation?
  • Does it make sense to investigate first?
  • What does “in a timely manner” mean?
  • How broad or narrow is “potentially affecting the federal award”?
  • What are federal awarding agency (and auditors) going to do once they get the disclosure?

Visit http://federalfundmanagement.com/webinars/wg413_041614 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, published by Atlantic Information Services. 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.

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Shelly Beaird-Francois
Atlantic Information Services
+1 (202) 775-9008 Ext: 3064
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