The Office of Management and Budget (OMB) has proposed changes to the Uniform Guidance (2 CFR, Part 200). The proposal takes into consideration the President’s Management Agenda, alignment with statutory requirements and clarifications. The OMB is required to update the Uniform Guidance every five years.

“Guidance for Grants and Agreements” proposed guidance: https://www.regulations.gov/document?D=OMB_FRDOC_0001-0262

View original printed format (PDF): https://www.regulations.gov/contentStreamer?documentId=OMB_FRDOC_0001-0262&contentType=pdf

Comments are due by Monday, March 23 and must be submitted electronically to www.regulations.gov at https://www.regulations.gov/comment?D=OMB_FRDOC_0001-0262.

What questions do you have? Send your questions to melisa@galassolearningsolutions.com.

Tune in to Melisa Galasso’s SCACPA YouTube playlist here. You can also click and subscribe to the SCACPA YouTube channel here.

SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members. Melisa was a speaker on audit topics at SCACPA’s 2019 Fall Fest and Spring Splash accounting conferences. She also takes part in many SCACPA seminars and rebroadcasts.

With over 15 years of experience in the accounting profession, Melisa Galasso designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.

You can read SCACPA’s Q&A with Melisa conducted during some break time at the 2019 Spring Splash in North Charleston here.