Uniform Guidance Overview

Author: Diane Edelstein

Review the overall Uniform Guidance including an overview of the individual sections of 2 CFR Chapter I, Chapter II, Part 200, et al. Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance).

Publication Date: October 2018

Designed For
Clients and Auditors that work with Federal Awards governed by Uniform Guidance.

Topics Covered

• Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
• Acronyms & Definitions— Subpart A
• General Provisions— Subpart B
• Pre‐Federal Award Requirements and Contents of Federal Awards— Subpart C
• Post‐Federal Award Requirements— Subpart D
• Cost Principles— Subpart E
• Audit Requirements— Subpart F

Learning Objectives

• Develop a high-level understanding of each area of Uniform Guidance
• Recognize how to look at the Administrative Requirements involved when spending federal awards
• Identify the Cost Principles when spending federal awards
• Differentiate the auditee and auditor responsibilities for audit requirements under Uniform Guidance
• Identify the date the final Council on Financial Assistance Reform FAQ was issued
• Differentiate subparts of the Uniform Guidance for Federal Awards Contents prescribing the respective audit requirements
• Recognize true statements with respect to procurement requirements
• Identify characteristics of a contractor as it relates to the subrecipient/contractor determination
• Recognize the percentage coverage rule relating to low risk auditees
• Describe the effective due date policies and procedures with respect to the Uniform Guidance
• Differentiate the subparts of the Uniform Guidance for federal awards relates to cost principles
• Identify what is included in the financial management system
• Identify the threshold for micro purchases
• Differentiate characteristics of a subrecipient instead of a contractor
• Identify the new audit threshold
• Identify a common low risk auditee assessment error
• Describe the new NPO

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Auditing (Governmental) (2 hours)

Program Prerequisites
None

Advance Preparation
None