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21WA-3773: Exploring the Revised Procurement Standards (Webinar)

Date Monday, December 27, 2021
Time 10:00am - 11:55am
Central Time
Location Online
CPE credits CPE 2.0
Field(s)
of study
Accounting (Governmental) - Technical (2.0)
Specialty
credits
2.0 Yellow Book recommended
Fees
Standard Member Fee $79.00
Standard Nonmember Fee $79.00
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Description

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.

Major subjects

  • New and revised definitions
  • New cost principle
  • New prohibitions
  • 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

Learning objective(s)

  • 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

Notes:

Course code Code 21WA-3773
Sponsor Business Professionals' Network, Inc.
NASBA ID#: 107810
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. None
Advance
prep
None
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