The intent of the new guidance known as CFR 200 “Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards,” (which became effective December 26, 2014) is to deliver a government-wide framework for grants management and to strengthen program outcomes through innovative and effective use of grant-making models, performance metrics and evaluation.
On March 31, 2015, with the new guidance only a few months old, Gelman, Rosenberg & Freedman partners Terri McKnight, Amy Boland and Jim Larson led a presentation to advise clients on strategies to remain compliant with the new regulations. They are scheduled to lead another presentation on the topic in late September or early October.
This presentation, which is available as an attachment on this page, highlighted:
- General Provisions
- Pre-award Federal Requirements and Contents of Federal Awards
- Post Federal Award Requirements
- Cost Principles
- Audit Requirements
Ms. McKnight and Ms. Boland have also been selected to speak with clients on this topic at the Greater Washington Society of CPAs’ annual not-for-profit symposium on December 4, 2015 at the Washington DC Convention Center.
This article was originally posted on August 10, 2015 and the information may no longer be current. For questions, please contact GRF CPAs & Advisors at firstname.lastname@example.org.