On December 19, 2014, a number of U.S. national agencies and departments jointly published the interim final rules Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards: Federal Awarding Agency Regulatory Implementation. Continue reading Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
On September 16, Mary Karen Wills and Ryan Byrd were instructors at a webinar concerning non-governmental organizations and federal awards. Continue reading Understanding the New OMB SuperCircular
On August 13, Mary Karen Wills and Ryan Byrd were instructors at a webinar concerning non-governmental organizations and federal awards. Continue reading Understanding the New OMB SuperCircular (Webinar)
By: Kelly Lynch and Gabriella D’Agosto
On May 13, 2013, the U.S. Government Accountability Office (GAO) issued DoD Financial Management: Significant Improvements Needed in Efforts to Address Improper Payment Requirements, a report regarding the Department of Defense’s (DoD) implementation of key provisions of the Improper Payments Information Act of 2002 (IPIA), the Improper Payments Elimination and Recovery Act of 2010, and Office of Management and Budget (OMB) OMB A-123 requirements. The GAO found that DoD’s improper payment estimates as reported in its FY2011 Agency Financial Report were unreliable and statistically invalid. This review follows a 2009 report by the GAO identifying that significant improvements were required in the DoD’s efforts to address the improper payment requirements of the IPIA and requirements of the Recovery Auditing Act.
Reform of Federal Policies Relating to Grants and Cooperative Agreements; Cost Principles and Administrative Requirements (including Single Audit Act)
By: Mary Karen Wills
The complete text of this proposal and a crosswalk of policy changes from the existing guidance are available on the OMB website under Proposed Policies.
This guidance is applicable to grants and cooperative agreements that involve state, local, and tribal governments, as well as institutions of higher education and nonprofit organizations. The proposal rule seeks to consolidate and streamline the requirements from OMB Circulars A-21, -89, -110 and -122. In addition, Circulars -50, -89, -102, and -133 on audits would be consolidated and streamlined. This guidance seeks to minimize the burden associated with compliance and audits for the grants and cooperative agreements with the aforementioned organizations. The goal would be to replace these eight circulars with one document, resulting in a single set of rules across these entities that currently have varying degrees of requirements.
By: Matt Franz
On January 22, 2013, the GAO issued a report on its review of DoD contractor pension costs. The review was performed in response to an increase in pension costs since the 2008 market downturn and the prospect of recent changes to Cost Accounting Standards (CAS) and Employee Retirement Income Security Act (ERISA) rules regarding the calculation of pension costs potentially resulting in further cost increases.