Finally, fireworks! The 2016 Compliance Supplement is now available. Perhaps in the spirit of the Olympic Games currently underway in Brazil, the Office of Management and Budget (OMB) set a record of its own this year — marking the latest…

(The following was excerpted from a recent article in the Federal Grants Management Handbook.) Many subrecipients that currently have no negotiated indirect cost rate are opting to accept the 10 percent de minimis indirect cost rate available under the Office…

(The following was excerpted from a recent article in the Single Audit Information Service.) The Office of Management and Budget (OMB) recently released a new Data Collection Form for Reporting on Audits of States, Local Governments, Indian Tribes, Institutions of…

We’ve gotten to the point where we’ve decided to use some reverse psychology. You know how it seems that if you don’t water your lawn in hopes that it will rain, sure as the world, it won’t rain. However, if…

(The following was excerpted from a recent article in the Federal Grants Management Handbook.) A recent Government Accountability Office (GAO) report found that many federal agencies did not properly report their major management challenges or their performance goals as required…

It’s been pretty busy over the last week or two at the Office of Management and Budget (OMB), although the news coming out of OMB doesn’t yet include the 2016 Compliance Supplement. Of interest to the single audit community, OMB…