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Uniform Guidance finalized, allowing for more equitable nonprofit cost reimbursements
Publication year - 2015
Publication title -
nonprofit business advisor
Language(s) - English
Resource type - Journals
eISSN - 1949-3193
pISSN - 1531-5428
DOI - 10.1002/nba.30046
Subject(s) - business , administration (probate law) , audit , finance , public administration , accounting , political science , law
After three years of development, the Obama administration has finalized the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards —more commonly known as the Uniform Guidance —which it said will strengthen federal grant‐making regulations and reduce administrative burdens and the associated risk of waste, fraud and abuse for the approximately $600 billion in federal grants expended annually.