OMB Uniform Guidance: Hot Topics
Jim Carter, Marisa Zuskar, Anne Sullivan Pifer
The recently released Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards from the Office of Management and Budget (2 C.F.R. § 200) (Uniform Guidance) is intended to ease the administrative burden and cost of compliance for entities that receive Federal awards. The Cost Principles section of the Uniform Guidance introduces new reforms and incorporates a number of important changes from the current circulars that will affect the direct and indirect costing at many types of entities, including Institutions of Higher Education (IHEs) and non-profit organizations.
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