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New Uniform Grant Guidance from OMB

Posted by Richard J. Pfentner CPA

Sep 9, 2014 10:51:00 AM

As we wrote in July, the U.S. Office of Management and Budget (OMB) has issued Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, which are making sweeping changes to streamline existing guidance for grantees receiving federal financial assistance. In fact, as it is implemented, it will ultimately supersede requirements from eight existing grant circulars and consolidate the streamlined guidance into one document located in Title 2 of the Code of Federal Regulations. The guidance includes the following sections:

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

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