21WA-3773: Exploring the Revised Procurement Standards (Webinar)
Monday, December 27, 2021
Accounting (Governmental) - Technical (2.0)
Standard Member Fee
Standard Nonmember Fee
The Uniform Guidance (2 CFR 200) is revised effective November 12, 2020. The greatest changes occur to the procurement standards and particularly he methods of procurement. A delineation between the informal and formal procurement processes is the threshold for competition. The ability to increase the Micro Purchase Threshold (MPT) and limitation on the Simplified Acquisition Threshold (SAT) requires a careful look at this OMB update to the Uniform Guidance.
Who should take this program?
Public Accountants, Consultants, Government Contractors and Awardees of Federal Grants and Cooperative Agreements which include: nonprofits, institutes of higher education, hospitals, Federal, state, local and tribal units of government.
New and revised definitions
New cost principle
New procurement preferences
New approach to determining the MPT and SAT based on risk and internal controls
Defining the "floor" for the monetary level for sole source procurements
The flexibility that no "one-size-fits-all" procurement standards
Understand the critical updates to the Uniform Guidance
Compare the precise language changes for the various policies and procedures
Learn the key updates organized by each revised topic
Ability to take action to enhance an organization's existing procedures to conform to this important update
NASBA ID#: 107810
Group Internet Based