The Federal Government provides more than $500 Billion each year in grants to the non-federal sector. Recipients of these grants that purchase equipment with their funds, are required to comply with the property management standards under the new Uniform Guidance, various reporting requirements, inventory and depreciation tracking, minimum insurance coverage and disposal regulations. Such regulations…
Nonprofit Audit Partners Terri McKnight, Amy Boland and Jennifer Arminger led a webinar on Auditee Responsibilities Under Subpart F of the Uniform Guidance. Among the topics discussed was: OMB Objectives for the development of Uniform Guidance Uniform Guidance components General provisions Audit requirements Basis for determining federal awards Auditee requirements An illustrative SEFA (with notes) Auditor…
This presentation on OMB Grant Reform – Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards was delivered by Gelman, Rosenberg & Freedman CPAs via webinar on September 30, 2015. Please note the slides reflect an update related to Federal Register Notice 80 FR 54407, published on September 10, 2015. The Council on…