Risk- it's not just a fun board game! Pass-through entities must evaluate each subrecipient's risk of noncompliance. In addition, all grant recipients must evaluate and monitor their own compliance, which includes an analysis of internal risks that could prevent compliance under a grant award. The difficulty is that many non-federal entities do not know what that risk assessment should look like or how it could assist in the determination of those top compliance concerns or issues. This session will discuss the top areas of noncompliance, the general protocols of a risk assessment and walk through an actual risk assessment tool. We will conclude with what to do when you have an entity that is of higher risk.
Learning Objectives:
- Learn the requirements to assess risk under the Uniform Guidance as both the grant recipient and for the pass-through entities.
- Be provided examples of how to create a risk assessment tool.
- Receive guidance on how to reduce identified risks to assist in compliance achievement.
Presented by Tiffany Kesslar, Esq., CGMS and Madelaine Cleghorn, Esq., The Bruman Group, PLLCRecorded March 2023