Guidance 105 - Revising the Service
In 2013, the Office of Management and Budget (OMB) combined several previous circulars into the uniform guidance, titled Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, which contained wide-sweeping changes to all aspects of the grants lifecycle, including single audits (see ¶214). A year later, the uniform guidance became effective for nonfederal entities when 28 federal agencies and offices incorporated the provisions of the uniform guidance into their agency regulations, which were also codified under their respective sections of the Code of Federal Regulations (C.F.R.). The Single Audit Information Service Module provides… Read More