The US Office of Management and Budget has proposed streamlining its grant guidance and making other changes aimed at increasing the effectiveness and efficiency of federal programs.
The proposal would allow new grantees to use a minimum flat indirect cost rate for a few years and provide opportunities for certain grantees to simplify the reporting needed to support salary charges. It also may lead to more robust subrecipient monitoring. Other proposed changes include streamlining the compliance requirements tested in the Circular A-133 audit, making changes to the major program determination process and raising the audit threshold to $750,000.
To learn more, refer to Ernst & Young’s Technical Line publication for the info you need to know about the proposed changes.
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Contact Phil Howard and the E&Y Life Sciences Team
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