Office of Management and Budget (OMB) issued the Final Uniform Guidance which includes Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards on December 26, 2013. This guidance consolidates all of the circulars including those applicable to higher education such as A-110, A-21, and A-133. The new Uniform Guidance will be effective December 26, 2014 and the implementation will be applicable to new awards and incremental funding awarded on or after December 26, 2014. The following link on the NACUBO website provides additional information go to: http://www.nacubo.org/Business_and_Policy_Areas/Grants_Management/Grants_Management_News/OMB_Issues_Final_Guidance_on_Grant_Reforms.html
We will provide additional information related to the changes and how they impact the research community once we have finalized our review of the new regulations. If you have any questions about Grant Reform, please contact your campus sponsored programs office.