Search Results for keywords:"Audit Requirements"

Found 2 results

Search Results: keywords:"Audit Requirements"

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  • 2020-27613 — Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
    Type:Rule
    Citation:86 FR 1253
    Reading Time:about 2 minutes

    The Gulf Coast Ecosystem Restoration Council has issued a final rule to update its regulations on administrative and financial requirements for federal awards. This update aligns its rules with recent changes made by the Office of Management and Budget (OMB) regarding grants and agreements. The changes, which are aimed at reducing the administrative burden and risk of waste or fraud, will take effect on February 8, 2021. The rule does not require data collection and is not subject to the Regulatory Flexibility Act.

    Simple Explanation

    The Gulf Coast Ecosystem Restoration Council made some new rules so that their money-giving process matches with the latest rules from the "parent" rule-makers. These changes help keep things fair and safe, but they didn't explain all the little details about how they'll do it.

  • 2024-28864 — Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
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    Type:Rule
    Citation:89 FR 99695
    Reading Time:about 6 minutes

    The U.S. Agency for Global Media (USAGM) has implemented the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards based on guidance from the Office of Management and Budget (OMB). This final rule aims to integrate these standards into USAGM's regulations, aligning with OMB policy updates and enhancing transparency and efficiency in managing federal financial assistance. The rule is compliant with various legislative and executive requirements, including the Paperwork Reduction Act and Executive Orders on regulation review, and is effective as of December 11, 2024.

    Simple Explanation

    The U.S. Agency for Global Media has decided to use a set of rules to make sure they spend money from the government carefully and avoid mistakes. These rules will help them follow new and updated advice from another group to keep everything clear and organized.