Amid ongoing controversies about federal grant pauses and terminations, federal awarding agencies are being pressured to look for evidence of internal control weakness and noncompliance by entities that pass funds through to “lower tier” organizations.
Since many federal programs involve scores, or even hundreds, of subawards, federal rules mandate an assessment of the risk posed by each subrecipient. But evidence is emerging that the mandated reviews are not happening as they should. Adverse consequences are resulting for both pass-through entities and subrecipients.
So, in this environment, it’s wise to examine policies and practices for risk assessment and mitigation. This webinar can effectively guide your review by helping you consider:
- When to conduct a review, and how deep
- Vetting using federal and other databases
- SAM.gov
- State and local government
- Organizational and tax sources
- Experience with direct federal awards and subawards
- Nature of program features
- Quality of management standards and policies
- Presence of qualified management and financial personnel
- Grant reporting history
- Results of single and other independent audits
- Findings and corrective actions
- Extent of federal agency and other pass-through entity monitoring
- Vulnerabilities caused by program design
- Assigning a risk rating and what to do about it
Hand-out Materials:
Attendees will receive presentation slides as well as access to background materials.
Allowable Charges
The costs of webinars sponsored by Federal Fund Management Advisor™ are allowable charges to your federal grants and subgrants. The cost principles issued by OMB under its uniform guidance (and applicable to all types of awardees) state, “The cost of training and education for employee development is allowable” (2 CFR 200.472).
Attend this Live Webinar and Earn up to 1.8 CPE Credits