Uniform Grant Guidance Federal Circular.pdf

The document provides an overview of the Uniform Grant Guidance (UGG) and its impact on audits, specifically single audits. It covers the objectives of the UGG, effective dates for new awards, and the transition period for existing federal awards. The UGG aims to simplify federal regulations, focus on performance, promote resource efficiency, and enhance oversight. It stresses consistent cost treatment, standard processes, and audit risk assessment. The document discusses changes in administrative rules, cost principles, internal controls, procurement, subrecipient monitoring, indirect costs, and time and effort reporting. It underscores the significance of proper documentation, compliance testing, and audit considerations under the UGG.