Uniform Guidance Overview - Maile Pa'alani.pdf

The document provides a comprehensive overview of the Uniform Guidance, which consolidates multiple circulars into 2 CFR Part 200. It emphasizes the importance of strong internal controls, compliance with federal spending rules, fiscal management, and oversight to prevent fraud and abuse. The guidance aims to simplify rules, reduce administrative burden, focus on performance outcomes, and enhance accountability. It covers various aspects like cost allocation, procurement, internal controls, audit thresholds, and family-friendly policies. The document outlines key changes, requirements, definitions, and provisions related to federal awards, cost principles, and audit requirements. It also stresses the need for effective internal controls, financial management systems, and disclosure of violations to ensure compliance with federal regulations.