Strategies for Conducting Pre-Award Risk Assessments to be Discussed in Upcoming Federal Fund Management Advisor Webinar

In an August 5 webinar, participants will learn the requirements and best practices for performing pre-award risk assessments.

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Washington, DC (PRWEB) July 24, 2014

A lot of things are changing because of the Office of Management and Budget’s issuance of comprehensive new government-wide grants management guidance. One of the biggest changes involves the imposition of a stronger and more specific mandate to perform pre-award risk assessments of your subrecipients. The August 5 Federal Fund Management Advisor webinar, “How to Perform Pre-Award Risk Assessments of Your Subrecipients,” will help organizations identify and mitigate the risk of subrecipient noncompliance by weaving together the requirements and the best practices of pre-award risk assessment and awarding agency responses.

Federal Fund Management Advisor Principal Bob Lloyd will provide 60 minutes of presentations followed by 30 minutes devoted to individual questions. Participants will learn:

  • What specific (and readily auditable) steps by pass-through entities will be required? How should they be documented?
  • How can pass-through entities modify procedures applicable to federal agency assessments to craft their own?
  • How should previous oversight and audit history be used fairly and objectively?
  • Whether to treat new subrecipients as “guilty until proven innocent”?
  • What award terms and conditions make sense when a “high risk” situation is revealed? Which ones don’t?
  • How can the required assessments be used to best organize monitoring?
  • What award terms and monitoring techniques might be relaxed because of assessment results?

Visit http://federalfundmanagement.com/webinars/wg422_080514 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 provides recipients and subrecipients of federal funds with accurate, responsible and practical advice concerning the acquisition, administration and oversight of federal grants, cooperative agreements and contracts. Through management, compliance and best practices webinars, and a wide variety of technical assistance capabilities, this advisory service can help organizations navigate effectively in today’s highly charged federal fund accountability atmosphere. Visit http://www.federalfundmanagement.com.


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