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Auditees Should Understand Applicable Award Requirements

Always Refer to Award Terms and Conditions

Jerry Ashworth

Single Audit Information Service

November 18, 2015 at 01:58:00 ET

The Office of Management and Budget’s (OMB’s) uniform grant guidance established a clear effective date - Dec. 26, 2014 - whereby nonfederal entities would follow the former OMB circulars for awards received prior to that date, and provisions in the uniform guidance for awards received on or after that date (§200.110(a)). A Maryland-based auditor recently advised grant recipients t... Read More

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Auditees Should Understand Applicable Award Requirements

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