Tag Archives: OMB

Sneak Preview: Agencies Urged To Reduce Improper Payments

(The following was excerpted from a recent article in the Single Audit Information Service.) A key official with the Office of Management and Budget (OMB) recently encouraged federal financial officials to identify ways to reduce improper payments in their agencies…

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Sneak Preview: Revised FAQ Answers Numerous New Single Audit Questions

(The following was excerpted from a recent article in the Single Audit Information Service.) Nonfederal entities that have a single audit performed under Subpart F of the Office of Management and Budget’s (OMB) uniform grant guidance may not allow their…

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Still Waiting To Read the 2017 Compliance Supplement by Part

Television commercials can often generate the greatest expressions. Lately, I’ve been thinking about a 1980s-era Wendy’s commercial where they feature the tagline “Parts is parts!” Why? Just consider where we stand with the 2017 Office of Management and Budget Compliance…

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What a Week! OMB Releases Three Key Documents

As is our annual tradition, when the Office of Management and Budget releases its Compliance Supplement, we halt the presentation of the snail pictures and offer up some fireworks. This year is no different. However, I feel like we should…

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A Year Later, OMB Issues Revision to Uniform Guidance FAQ

You would normally think August would be a good time to ease off on big news from the financial assistance front. Not so much, it seems. Still, we’re definitely not complaining.

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OMB Controller Alert Provides Few Details About Disbanding of COFAR

Upon learning about the Office of Management and Budget’s (OMB) memorandum to disband the Council of Financial Assistance Reform (COFAR) last month, two questions have been on our minds — why did this happen and what are the next steps…

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The Waiting Begins for the 2017 Compliance Supplement

A close inspection of the calendar shows us that tomorrow is the first day of June. And with June’s arrival, we begin asking the annual question, “When will the Office of Management and Budget (OMB) release this year’s version of…

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Regulatory Freeze Has Grants Community in Holding Pattern

I’m not exactly sure how many times I’ve said it over the last few months when talking with colleagues both at my office or out covering conferences and other events. Reporting on federal government action, or as it seems more…

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DATA Act Reporting Begins; What Will Tomorrow Hold?

The countdown clock has reached zero for federal agencies to comply with the requirements under the DATA Act. Federal agencies now must provide their financial reports in a searchable, machine-readable format in compliance with federal data standards under the Act….

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NGMA Conference Is A Hit for Grants Information

We’ve been taking a trip around the bases of the Crystal City Marriott this week attending sessions at the National Grants Management Association’s annual training conference, which has been focusing around its baseball theme, “Grants Management: In Full Swing.” Following…

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