Federal and non-Federal entities (NFEs) should be well into the process of finalizing internal policies that conform to the new requirements under 2 CFR 200 – Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The Uniform Guidance allows NFEs to adopt entity-wide changes to internal policies and systems for all awards, both existing and new, without penalty. Therefore, a NFE may apply the new requirements found in 2 CFR 200 to all awards.
Tag: non-Federal entities
Tracking Timesheets under 2 CFR 200
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Read MoreOne of the most important, and often misunderstood, change under 2 CFR 200 the Uniform Guidance: Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) is the new reporting requirements for employee compensation, found at 2 CFR 200.430.
Gratuity Violations Under 2 CFR 200
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Read MoreFederal and non-Federal entities (NFEs) should be well into the process of finalizing internal policies that conform to the new requirements under 2 CFR 200 – Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The Uniform Guidance allows NFEs to adopt entity-wide changes to internal policies and systems for all awards, both existing and new, without penalty. Therefore, a NFE may apply the new requirements found in 2 CFR 200 to all awards.