Webinar

Annual Update on the 2024 Revised Uniform Guidance and Time and Effort Reporting

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The Uniform Guidance (2 CFR 200) pertains to the management of Federal Financial Assistance for grants and cooperative agreements. The Biden Administration has performed a comprehensive update where the revised Uniform Guidance was released in April 2024. We will review all of the significant compliance and threshold changes. In addition, we will provide a brief presentation of the revised guidance as it pertains to Time and Effort reporting.

Major subjects

• The definitions in 2 CFR 200.1 are the building blocks of the regulation and so we will provide you the impactful revisions to the citation language.
• This session will provide you the precise wording changes, showing parts that were changed or new requirements that were added.
• We will discuss universal wording changes as well as the effective date for implementation.
• We will discuss impactful changes and how it will affect compliance.
• The session will cover a new requirement for whistle blower protection.
• We will discuss a unique insight of how time reporting is a claim and how claims can have detrimental consequences if not aware.
• What should an organization do if they did not keep time records for a grant.
• A "war" story when a university did not take the time reporting requirements seriously.

Learning objectives

• Review the specific changes to the citation language pertaining to the definitions.
• Disclose the updated and increased threshold amounts.
• Understand impactful changes to the post award requirements and cost principles.
• Provide an update on crucial time and effort reporting.

Who should take this program?

• Public accountants performing Single audits; consultants helping clients that have grants and cooperative agreements; nonprofits; institutes of higher education; state, local and tribal units of government; grant administrators; legal; accounting personne

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $89.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

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