The Continuing Challenge of Subrecipient MonitoringPresented by Robert Lloyd
Recorded On: Thursday, June 17, 2010
PURCHASE:
RECORDING HIGHLIGHTS:
The billions of dollars that are awarded by federal agencies to thousands of grantees nationwide often don’t stop there. They get passed through as subgrants to thousands more “subrecipients.” And that means that when your organization is the primary grantee or “pass-through entity,” the federal government is looking to you to ensure that those funds are spent according to laws, regulations, and the provisions of your agreements. So, whether you work for a governmental unit, a university or a non-profit organization, you’re probably in the “subrecipient monitoring” business. And the chances are, if you have received federal stimulus funds, that business has become even more active. But, how do you monitor subrecipients? Federal requirements for subrecipient monitoring show up in both grants management and audit policies. But they leave a lot to judgment. Some grantees have relied on their subrecipients’ OMB Circular A-133 audits as their primary tools for monitoring compliance. But lots of subrecipients don’t expend enough federal money to trigger the need for a single audit. And, independent audits of pass-through entities are increasingly raising questions about whether those organizations are obtaining proper assurance about subrecipient audits when they are required. So how do you organize your subgrant monitoring responsibilities to cover the all subgrantees that need oversight within the resource constraints that you face? What flexibility do the federal policies permit? What techniques make the most sense and promise the most effectiveness? How do you avoid getting criticized by your own auditors for a poorly designed monitoring system or a well-designed one that you don’t follow? And what should you expect when your organization is the subrecipient? This audio conference will help you answer these questions and respond to what is recognized as a key responsibility in federal grants management. Join Bob Lloyd, a respected authority on federal policies affecting the award, administration, and audit of federal grants and contracts and a long time presenter of Thompson Interactive audio conferences for this timely and insightful look at this critical accountability issue affecting federal grantees, subgrantees, and their auditors. What You'll Take Away From This Audio Conference:
Plus -- you'll get the chance to ask this expert your own questions prior to the audio conference as well as during the live Q&A session following the presentation! Attendees Who Will Benefit From This Audio Conference Include:
YOUR EXPERT(S):
Robert Lloyd
Robert M. Lloyd is a respected authority on policies affecting the acquisition, administration and audit of federal grants and contracts. The former executive director of the Grants Management Advisory Service, Mr. Lloyd has more than 35 years of experience in federal award implementation and oversight. After extensive work with two large federally funded organizations and a national firm, he formed his own management consulting practice in Washington, DC, in 1982. Since then, he has been a trainer, consultant and advisor to management and audit units in fifteen major federal grant making agencies and with grantee, subgrantees and independent audit organizations located in all fifty states, the District of Columbia and 17 foreign countries. In addition, he has served recipient and independent audit organizations located throughout the United States and eight foreign countries. Among his diverse clients are governmental units, colleges and universities, nonprofit organizations, associations and professional and commercial firms. |
