457 - Federal Agency Cognizance and Oversight for Audit

Editor’s note: The following tab has been updated to reflect provisions within the 2024 revisions to the uniform guidance (2 C.F.R. Part 200), which is effective for awards issued on or after Oct. 1, 2024. Subscribers seeking analysis on awards received prior to that date that follow the 2020 version of the uniform guidance should refer to this tab within the attached PDF here. The Single Audit Act Amendments of 1996 and subpart F of the Office of Management and Budget’s (OMB) uniform guidance determine federal agency cognizance and federal oversight for all types of nonfederal entities by a dollar threshold. Cognizance usually relates to indirect costs and audits. Oversight… Read More

Oops! Subscribers must be logged in to access this content.

Not A Grants Compliance Expert Subscriber?

Unlock access to the benefits below with a no-cost, risk-free trial.

Start Your Free Trial

By signing up for a tour of the Grants Compliance Expert, you are also registering to receive email offers and product updates from us. Simply click unsubscribe at the bottom of any email if you would like to discontinue delivery.

Did You Know ?

You may be able to charge the cost of your Thompson Grants subscription to your federal grant(s). For state agencies and other nonfederal entities, under the cost principles of the uniform guidance, there are allowable items of cost for subscriptions (§200.454(b)) and professional development (§200.473). Please check with your program director, finance officer or granting agency to ensure there is no restriction in the approved grant budget or the award documents.

457 - Federal Agency Cognizance and Oversight for Audit

Oops! Subscribers must be logged in to access this content.

Not A Grants Compliance Expert Subscriber?

Unlock access to the benefits below with a no-cost, risk-free trial.

Start Your Free Trial

Did You Know ?

THOMPSON GRANTS

COMPLIANCE

TRAINING

RESOURCES

HELP

CONTACT