FOR IMMEDIATE RELEASE

Contact: Gary Higginbothem
Phone: (202) 739-9765
Email: ghigginbothem@thompson.com

ARLINGTON, VA (12/10/19) – Thompson Grants, a division of CBIS, is pleased to announce that it has launched Techniques for Monitoring Federal Subawards, 5th Edition, an updated version of the no-nonsense reference that has helped hundreds of pass-through entities comply with increased monitoring responsibilities over their subrecipients and contractors — and instructed subrecipients to meet their own duties as well — under the uniform guidance.

Techniques for Monitoring Federal Subawards, 5th Edition features a significant expansion to the guide’s commentary on federal subrecipient monitoring priorities and takes into consideration many of the changes that have happened since the 4th edition was published in 2014, including:

• A discussion about OMB uniform grant guidance revisions since the release of the 4th edition, including program integrity provisions stemming from OMB guidance based on Section 872 of the Duncan Hunter National Defense Authorization Act.
• A discussion about the Grants Oversight and New Efficiency Act, which was enacted to encourage grant closeouts.
• A discussion about the President’s Management Agenda and the cross-agency priority goal related to grants management.
• Updates stemming from OMB Memorandum M-18-18, which enabled nonfederal entities and subrecipients to revise their procurement policies to match the updated micro-purchase procurement threshold of $10,000 and simplified acquisition threshold of $250,000.
• Developments under the Digital Accountability and Transparency (DATA) Act, including updates on finalized data standards and outcomes of the Section 5 pilot conducted under the act.
• The major change included in the 2019 OMB Compliance Supplement, which reduced the compliance requirements for auditors to test from a maximum of 12 to a maximum of six.
• The complete text of OMB Memorandum M-18-24, under which OMB will require that the System for Award Management (SAM) to become the central repository for common government-wide certifications and representations required of federal grant recipients.

“I am proud that we are able to meet the need of the grants community by providing updated compliance information, especially on topics as complicated and confusing as subrecipient monitoring. Once again our editorial team has produced an outstanding resource that builds on Thompson Grants’ reputation of being a trusted partner for federal grant recipients,” said Julie Rachlin, Managing Director of Thompson Grants.

Details on the contents of Techniques for Monitoring Federal Subawards, 5th Edition and Thompson Grants’ complete library of compliance guides can be found at grants.thompson.com/guides.

Thompson Grants has been providing grants administrators, program managers and financial managers trusted analysis on the most pressing grants compliance issues since 1972. Our products and services cover the entire grants lifecycle from pre-award through closeout and help grant-seeking organizations find the funding opportunities they need while making sense of the confusing and complicated task of complying with the uniform guidance.

Our approach is simple. We constantly monitor regulatory trends affecting business and government. As new developments occur our national network of authors - all of whom are recognized leaders in their fields - and our team of accomplished in-house editorial experts act quickly to provide needed insight to customers. Working together, they bring grant recipients the very best in analysis and “how to” compliance tools. This approach is the major reason why our products are widely-acknowledged to be the best in their fields.

We encourage you to see for yourself. Please take a tour of our site and free feel to reach out to our Client Services Team with any questions by email at service@thompson.com or by phone at 1.800.677.3789.