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Annual Update on the 2024 Revised Uniform Guidance And Time & Effort Reporting

Overview

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.

Prerequisites

A basic familiarity with the Uniform Guidance regulation

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

Highlights

  • 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

Register Now

Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

Event Code:

6274648

2 CPE Credits
Governmental Accounting: 1 Credits Governmental Auditing: 1 Credits

Registration

Member Price:
$79
Non-member Price:
$109

Registration is open through 12/27.

Friday, December 27th

12:00pm to 1:49pm

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