Managing Subrecipient Risk: Best Practices for Federal Grants
One of the most critical aspects of federal grants management is subrecipient risk assessments and monitoring. Such practices safeguard against funds...
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Admin 10/2/14 12:00 AM
On December 26, 2013, the Office of Management and Budget (OMB) Issued Uniform Grant Guidance. The Uniform Guidance combined eight previously separate sets of OMB guidance into one. OMB has eliminated about 80 pages of overlapping duplicative and conflicting provisions of guidance that were developed separately over many years.
Non-federal entities will need to implement the new administrative requirements and Cost Principles for all new federal awards made after December 26, 2014.
The new audit requirements become effective for fiscal years beginning on or after December 26, 2014.
You can get more information about the policies that have changed at:
The Uniform Guidance reduces administrative burden and risk of waste, fraud and abuse by:
Some of the areas impacted by the change include:
We recommend you start planning now by:
posted by Drew Ulmer, CPA
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