Oct. 20 Webinar to Assess Federal Grant Internal Controls Under OMB’s New Reform

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An upcoming webinar from Federal Fund Management Advisor will familiarize participants with the latest regulatory documents that should be used to assess their internal control policies and procedures for managing federal grants and subgrants.

OMB’s new uniform guidance is filled with mentions of “internal controls,” and refers to several guidance documents. The Oct. 20 Federal Fund Management Advisor webinar, “Rethinking Your Federal Grant Internal Controls … Based on OMB’s New Guidance,” will examine what those guidance documents have to say and help organizations decide whether there are valid reasons to revise the internal control policies and procedures that they use for managing their federal grants and subgrants.

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

  •     What OMB really means by “should be in compliance with”
  •     Standard elements of internal control discussed in the referenced guidance documents
  •     Specific grant compliance areas for which internal controls should be constructed
  •     OMB’s new expectations for internal controls over time and effort reporting
  •     Details of the revision to the Comptroller General’s standards (the “Green Book”) that was released on Sept. 11
  •     How to use the guidance documents to sensibly assess existing controls
  •     How to use language from OMB’s policies and guidance documents to justify decisions

Visit http://federalfundmanagement.com/webinars/wg428_102014 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 other reference works on federal grants management and audits, and currently serves as contributing editor to A Guide to OMB Grant Reform and 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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