Uniform Grant Guidance SG v5 for presentation.pdf

The document discusses the implications of the Uniform Guidance on single audits, particularly focusing on the impact on subawards and audits of non-federal entities. It outlines the effective dates for single audits and the adoption of new administrative requirements and cost principles for new federal awards. The text emphasizes the flow of subaward requirements from the original federal award and the importance of compliance with accounting policies and proper salary distribution. It also mentions the necessity for accurate records reflecting total employee activity and the potential requirement for personnel activity reports if standards are not met. Additionally, the document touches on audit implications, direct costs, and changes in thresholds and audit planning due to the Uniform Grant Guidance.