How to Conduct a Risk Self-Assessment for Federal Programs
The Uniform Grant Guidance requires all non-federal entities to maintain effective internal control over their federal awards that provides reasonable assurance that the entity is managing that award in compliance with federal statutes, regulations, and the terms and conditions of the award itself. Such controls should be in compliance with certain standards that include assessing a non-federal entity’s risk of noncompliance. Conducting such an assessment requires specific knowledge of applicable grant rules, a comprehensive review of internal policies and procedures, and an honest assessment of the entity’s adherences to grant rules and regulations.
This webinar will discuss the key areas that any risk assessment must include, as well as discussion of best practices for organizing and completing a risk self-assessment. The session will cover the basics of an assessment, who should be involved, the questions everyone should be asking, and proper follow-up techniques on corrective actions.
Who Will Benefit?
This webinar is of value to all federal granting agencies, federal grant recipients, and everyone who works with federal grants, including:
- Grant and program administrators
- Grant program staff
- State, district and school personnel
- Program monitors
What Will You Learn?
By the end of the webinar, attendees will learn:
- What federal rules govern the requirements for internal controls.
- What are the basic standards for internal controls and what do those standards say about risk.
- How should a non-federal entity organize a risk self-assessment.
- The need for corrective actions to mitigate identified risks.
Brustein & Manasevit, PLLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education (CPE) 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.