Coming Up! A Revised FAQ and Several Important Grants Events

September 6, 2016 | By Jerry Ashworth | Post a Comment

coming-soonNow that Labor Day has come and gone and many of us are back from our summer vacations, we can now look forward to September and ask the question, “What’s coming up in the near future for the grants community?” This month bodes to be one of key interest to all grants stakeholders.

First, the Office of Management and Budget (OMB) is slated to issue an update to its Frequently Asked Questions (FAQ) pertaining to the uniform grant guidance. The last version was released last September and there are many new questions that OMB has received since then that need clarification and response. In fact, some associations have taken the extra step to provide OMB some assistance in developing responses to certain questions. The Council on Governmental Relations (COGR), which represents numerous research universities, affiliated medical centers, and independent research institutes, recently sent a letter to OMB listing proposed FAQs and responses for inclusion in the OMB document. Among its questions and answers included discussion on topics such as the safe harbor for pass-through entities and their subrecipients; use of the 10 percent de minimis indirect cost rate; public advertisement of competitive bids; single audits and foreign organizations; and federal agency issuances of management letters. It will be interesting to see if OMB actually uses some of COGR’s suggested FAQs in the OMB’s version.

Also coming up this month are several events that we will be covering here at Thompson. The first is the Association of Government Accountants’ 2016 Internal Control and Fraud Prevention Training conference in Washington, D.C. We’ll be tracking some of the latest threats to your grant programs and how you can better prevent those threats through proper internal controls. We also will cover the Federal Demonstration Partnership’s quarterly meeting as well, paying key interest on what federal officials are saying about the latest grant developments at their agencies. As September closes out, we’ll attend the Data Coalition’s Data Transparency 2016 summit, looking to learn more about the progress being made on the Digital Accountability and Transparency Act (DATA Act).

Subscribers to Thompson’s Federal Grants Development Handbook and Single Audit Information Service will receive important updates this month on the 2016 Compliance Supplement, which OMB released last month. We’re working hard to key you up-to-date on all of these key documents and events to keep you abreast of what you need to know as it affects your grant program. It’s all coming up so stay tuned!

Let us know what events are coming up that you’d like us to attend or want to learn more information about it. We’d love to hear from you!


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