The Uniform Guidance (2 CFR 200) pertains to the management of Federal Financial Assistance for grants and cooperative agreements. The Biden Administration has performed a comprehensive update where the revised Uniform Guidance was released in April 2024. We will review all of the significant compliance and threshold changes. In addition, we will provide a brief presentation of the revised guidance as it pertains to Time and Effort reporting.
DESIGNED FOR
Public accountants performing Single audits; consultants helping clients that have grants and cooperative agreements; nonprofits; institutes of higher education; state, local and tribal units of government; grant administrators; legal; accounting personnel; as well as principal investigators or program managers; and technical grant writers
BENEFITS
- Review the specific changes to the citation language pertaining to the definitions
- Disclose the updated and increased threshold amounts
- Understand impactful changes to the post award requirements and cost principles
- Provide an update on crucial time and effort reporting
HIGHLIGHTS
- The definitions in 2 CFR 200.1 are the building blocks of the regulation and so we will provide you the impactful revisions to the citation language
- This session will provide you the precise wording changes, showing parts that were changed or new requirements that were added
- We will discuss universal wording changes as well as the effective date for implementation
- We will discuss impactful changes and how it will affect compliance
- The session will cover a new requirement for whistle blower protection
- We will discuss a unique insight of how time reporting is a claim and how claims can have detrimental consequences if not aware
- What should an organization do if they did not keep time records for a grant
- A "war" story when a university did not take the time reporting requirements seriously
COURSE LEVEL
Update
PREREQUISITES
A basic familiarity with the Uniform Guidance regulation
ADVANCE PREPARATION
None
ADDITIONAL NOTES
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.