The Office of Management and Budget (OMB) issued its final 2017 Audit Requirements, Appendix XI, Compliance Supplement on August 16, 2017. Continue reading OMB 2017 Compliance Supplement Available for Audit Planning
Category Archives: Regulatory Updates
COFAR Disbandment and the 2 CFR 200 FAQs You Need to Know
On June 15, 2017, through Memorandum M-17-26, the Office of Management and Budget (OMB) disbanded the Council on Financial Assistance Reform (COFAR). Originally established in 2011, the COFAR was an interagency group of Executive Branch officials that coordinated financial assistance on grants and cooperative agreements, integrating the uniform grant guidance (2 CFR 200), as well as ideas and best practices among executive departments and agencies. Continue reading COFAR Disbandment and the 2 CFR 200 FAQs You Need to Know
Recent CRA Resolution of the Fair Pay and Safe Workplaces Regulation
March 7—Last night, the Senate passed a Congressional Review Act (CRA) resolution disapproving of last year’s (August 25, 2016) final “Fair Pay and Safe Workplaces” Federal Acquisition Regulation, often referred to as the “blacklisting” regulation. Continue reading Recent CRA Resolution of the Fair Pay and Safe Workplaces Regulation
