The Office of Management and Budget (OMB) released guidance on Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 CFR 200). Uniform Guidance, was released on December 26, 2013, and consolidates 8 federal circulars (A-102, A-110, A-89, A-21, A-87, A-122, A-133, A-50) into a single guidance document. It is effective for all new awards and incremental funding on or after December 26, 2014 and the audit requirements (Subpart F) will apply to audits of fiscal years beginning on our after December 26, 2014 --- for us, this will be fiscal year 2016 (July 1, 2015 – June 30, 2016).
The Office of Management and Budget (OMB) further revised sections of OMB Guidance for Grants and Agreements in 2020. This revision reflects the foundational shift outlined in the President's Management Agenda (PMA) to set the stage for enhanced result-oriented accountability for grants. These revisions to the guidance became effective November 12, 2020, except for the amendments to §§ 200.216 and 200.340, which became effective on August 13, 2020.
For more information, see Overview of the Uniform Guidance
Last updated: 01/05/2023