Risk Assessment Checklist

Per Uniform Guidance, pass-through entities must evaluate each subrecipient’s risk of noncompliance with federal statutes, regulations, and the terms and conditions of the subaward to inform subrecipient monitoring practices (2 CFR 200.332(b)). Subrecipients must allow the pass-through entity and auditors to access its records and financial statements as necessary for the pass-through entity to conduct the pre-award risk assessment and required subrecipient monitoring. This checklist can be used to help identify and collect the relevant information/documentation to submit to the pass-through entity for review.