Understanding the New OMB SuperCircular

On September 16, Mary Karen Wills and Ryan Byrd were instructors at a webinar concerning non-governmental organizations and federal awards.

Not-for-profit organizations receiving federal awards are subject to new requirements stemming from the recently issued OMB “Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards” of 2 CFR Part 200. This webinar provided a well-rounded discussion of the new requirements and focused on issues and items for consideration as these entities attempt to comply with these requirements.

Learning Objectives

  • Understand the key concepts in the SuperCircular
  • Understand the relevant compliance requirements and changes from prior guidance
  • Obtain understanding of selected cost principles and changes to existing cost principle regulations
  • Understand the impact of the Circular on pre-award activities
  • Understand the impact of the Circular on post-award activities
  • Understand key changes to single audit requirements

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