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Receive Federal awards? What to know about Uniform Grant Guidance

Posted by Elizabeth A. Bidjov, CPA

Jul 16, 2014 10:21:29 AM

The Office of Management and Budget (OMG) recently issued final guidance entitled Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, also known as Uniform Grant Guidance. This guidance serves to incorporate cost principles and other requirements related to Federal awards into one set of guidance. Therefore, this regulation supersedes requirements from various Circulars, including A-21, A-110, A-122 and A-133. Some of the significant changes include, but are not limited to: 

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Topics: COSO, non-profits, not-for-profits, uniform grant guidance, internal controls, green book, a-133, federal awards

Will the NYS Non-Profit Revitalization Act Be Extended?

Posted by Sarah L. Hedges, CPA

Jun 18, 2014 11:02:49 AM

Will the NYS non-profit revitalization act be extended beyond the July 1, 2014 effective date? The New York Council of Nonprofits (NYCON) has been arguing for months that nonprofits -- particularly smaller, grass-roots nonprofit groups -- simply have not had time to understand and act on all the requirements of the law which was passed last June.  Last month, legislation was introduced in both the Senate and Assembly that would push the effective date all the way back to March 31, 2015. Read the entire NY Non-Profit Press article

For those organizations looking to take a proactive approach to compliance with the Act, download our checklist to help guide you throught the process.

Click here to  Download our Free  Nonprofit Revitalization Act Checklist

What else is new in the not-for-profit world? Read our latest industry update.

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Topics: Not-for-Profit revitalization act, non-profits, not-for-profits

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