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June 2015 » Seven Suggestions for a Successful...
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David C. Ashenfarb, CPA, CGMA
On December 26, 2013, the U.S. Office of Management and Budget (OMB) issued Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Code of Federal Regulations, Title 2, Part 200). Technical corrections to the guidance were made as of March 5, 2015. The uniform guidance combines eight previous OMB circulars into one comprehensive document. This article presents seven tips to meet the administrative requirements and cost principles of the new provisions, many of which have already taken effect.
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