Federal Grants Expert to Offer Guidance on Resolving Federal Grant Audit Findings

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Participants will learn how to promptly and appropriately resolve audit findings in the August 12 webinar from Federal Fund Management Advisor.

New policies issued by the Office of Management and Budget are mandating use of an organization’s audit history to inform key decisions about whether and how to make direct federal awards or subawards. In other words, a history of adverse audit findings could significantly harm an organization’s grant and subgrant applications. “How to Effectively Resolve Federal Grant Audit Findings,” the August 12 Federal Fund Management Advisor webinar, will advise auditees on how to address adverse grant audit findings early and effectively.

Prinicipal of Federal Fund Management Advisor and federal grants expert Bob Lloyd will present for 60 minutes and follow with 30 minutes dedicated to individual questions. Participants will gain a clear understanding of:

  • Audit standards and requirements that dictate how the audit process will unfold
  • Stages at which views must be incorporated into audit findings
  • Elements of an audit finding and why they’re important
  • Reasons why grant and subgrant costs can be questioned
  • How to fashion narrative management responses and how to “partially concur”
  • How to formulate realistic and effective corrective action plans

Visit http://federalfundmanagement.com/webinars/wg423_081214 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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Shelly Beaird-Francois
Atlantic Information Services
+1 (202) 775-9008 Ext: 3064
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