On December 26, 2013, the Office of Management and Budget (OMB) released its final “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.”
This guidance is applicable to grants and cooperative agreements and represents a comprehensive consolidation and revision of OMB Circulars currently governing Federal awards to non-Federal entities. The guidance combines A-110 and A-102 into a single set of administrative rules; combines A-21, A-87, and A-122 into a single set of consolidated cost principles with entity-specific appendices describing indirect rate guidance for government, higher education, and nonprofits; revises the language of A-133; and presents all in a single document serving as a “one-stop shop” for financial assistance regulatory requirements.
Continue reading Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
October – December 2013
Berkeley Research Group’s Government Contracts Advisory Services (GCAS) practice keeps its clients up to date on the latest regulatory developments affecting the government contracts industry.
The seventh edition of the GovCon Research Report summarizes the critical regulatory and compliance issues contractors faced in the fourth calendar quarter of 2013. The issues are summarized by the following key subject-matter areas
- National Defense Authorization Act of Fiscal Year 2014
- OMB Final Guidance
- Key Federal Acquisition Regulation Updates
- Recent Updates to Defense Contract Audit Agency Guidance
- Defense Federal Acquisition Regulation Supplement Updates
- Relevant GAO Reports
- Department of Defense – Office of Inspector General Reports Continue reading GovCon Research Report: Volume 2, Issue 4