Washington, DC (PRWEB) July 24, 2015
When the Office of Management and Budget (OMB) and its federal agency partners overhauled and repackaged requirements for determining the types of legal instruments to use in making subawards, for assessing compliance and risk posed by subrecipients, and for drafting subaward agreements, the biggest changes were made in the area of post-award oversight. “Practical Subrecipient Monitoring Under OMB Grant Reform,” the July 29 Federal Fund Management Advisor webinar, will detail the changes and how to comply with them.
On July 29, Federal Fund Management Advisor Principal Bob Lloyd will provide 60 minutes of presentation followed by 30 minutes devoted to individual questions. Participants will learn:
- A quick “take” on the new requirements
- How a subaward agreement should convey compliance and performance expectations
- How to organize subrecipient monitoring based on dollar size and discernible risk
- How to fashion financial and performance reports that provide enough information to affect the scope of other forms of oversight
- How to spot deficiencies in award management at the subrecipient level and how to fashion workable corrective action plans
- How to use the Federal Audit Clearinghouse to assess subrecipient audit compliance
- How to issue timely management decisions on subrecipient audit findings
- When to consider use of agreed-upon procedures audits on subrecipients
- When and how to conduct a site visit
- How to offer training and technical assistance while maintaining a firm awarding agency posture
Visit http://federalfundmanagement.com/webinars/wg516_072915 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.