This Governmental Audit Quality Center (GAQC) archived Web event titled, “Uniform Guidance Revisions: What You Need to Know,” held on March 11, 2021, helps participants understand the U.S. Office of Management and Budget (OMB) issued revisions to the Uniform Guidance back in August of 2020, that were the culmination of OMB’s 5-year review of the regulation. The changes impact both auditees and auditors performing single audits. Topics to be covered include:
- A background and overview of the new rules with a focus on revisions made relating to period of performance, subrecipient monitoring, and the procurement rules,
- Additional aspects of the OMB issuance beyond the Uniform Guidance revisions,
- A review of the timing of how the rules are to be implemented, and
- Related guidance expected from OMB.