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Grant Reform

Interim Rule Officially Increases Stature of Internal Controls

Nonfederal Entities Can Choose Between Guidance or Framework

Ray Sweeney

Local/State Funding Report

February 24, 2015 at 09:33:00 ET

The Office of Management and Budget’s (OMB’s) joint interim final rule to implement the uniform grant guidance officially moves the internal control section (§200.303) from the audit requirements under Subpart F in the uniform guidance (former OMB Circular A-133) to the post-award requirements under Subpart D. This move is significant, reflecting the importance placed on internal c... Read More

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Interim Rule Officially Increases Stature of Internal Controls

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