Creating an effective and compliant monitoring process that collects, tracks, validates, and accurately reports subrecipients’ information is vital. You are responsible and at risk if subrecipients don’t comply with federal regulations, rules, laws, and award terms and conditions. Grant recipients must monitor grant funds and account for each and every dollar spent – an overwhelming and complex task.
On August 31, 2011, Crowe Horwath LLP hosted a webinar that defined different approaches and methods to conducting subrecipient monitoring, discussed how to determine the difference between subrecipients and vendors, helped to recognize components of a subrecipient risk assessment; and examined the requirements imposed on prime recipients with regard to addressing subrecipients’ audit findings, adverse results of monitoring activities, and other corrective action.
This recording is not eligible for CPE credits. Learn more.