When was the uniform guidance effective?
December 26, 2013
The new Office of Management and Budget (OMB) Uniform Guidance on Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance) was effective December 26, 2013, and is to be implemented by federal agencies one year from its effective date, December 26, 2014.
What are the changes to the uniform guidance?
Uniform Guidance Changes Effective November 12, 2020: Updates to Definitions, Procurement, De Minimis, and More. The purpose of the Uniform Guidance is to contain an authoritative set of requirements for federal awards for non-federal entities; including, not-for-profit, for-profit, and governmental entities.
What is a uniform guidance audit?
In the United States, the Single Audit, Subpart F of the OMB Uniform Guidance, is a rigorous, organization-wide audit or examination of an entity that expends $750,000 or more of federal assistance (commonly known as federal funds, federal grants, or federal awards) received for its operations.
What is uniform guidance audit?
What are the three main goals in the updates to the uniform guidance?
The proposed update has three main goals: Support implementation of the Grants CAP goal and other administration priorities. Meet statutory requirements and align with other recent regulations. Clarify areas of misinterpretation.
When was the uniform guidance last updated?
That time has come. The OMB published a draft of the proposed changes early in 2020 and invited comments from users as part of the implementation process. After more than 2,500 comments were considered, the final guidance was published on Aug. 13, 2020.
When did uniform guidance replace a-133?
On December 26, 2013, OMB Circular A-133 was superseded by the issuance of 2 CFR part 200, subpart F.
Who is subject to uniform guidance audit?
If you expended $750,000 during your fiscal year on a grant(s) that is subject to the UGA, you must have a UGA. If you expended less than $750,000, you are off the hook. This year.
What replaced a 133?
On December 26, 2013, OMB Circular A-133 was superseded by the issuance of 2 CFR part 200, subpart F. Among other things, those changes increased the audit threshold to $750,000 for auditee fiscal years beginning on or after December 26, 2014 and made changes to the major program determination process.