OMB Announces the Supercircular Release
OMB will be releasing the Uniform Guidance: Cost Principles, Audit, and Administrative Requirements for Federal Awards, also known as the “Supercircular,” TODAY for public inspection. OMB will be posting the Guidance on the Federal Register’s Public Inspection webpage. OMB will publish the final rule in the Federal Register on December 26th.
The Guidance is a culmination of years of collaboration between federal agencies, recipients, and other stakeholders in the grants community. The Guidance will streamline grants administration by creating uniform regulations for cost principles, administrative requirements, and audit requirements by consolidating eight OMB circulars into one; hence the nickname “The Supercircular.”
Management Concepts Federal Grants Update 2014 course will focus on how the Supercircular affects the entire grants lifecycle for awarding agencies, recipients, pass-through entities, and auditors. Visit the Federal Grants Update 2014 for more information.
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