Infographic: Are You Prepared For the OMB’s New Uniform Guidance?
Last December, the Office of Management and Budget issued the “Uniform Guidance on Cost Principles, Audit, and Administrative Requirements” (sometimes called the Supercircular or Omnicircular) in an attempt to provide clearer guidance on the regulations governing the federal grants and contracts system. Nonprofits affected by the revised guidance have until December 2014 to update their systems and maintain compliance.
Is your organization prepared? In anticipation of this looming deadline, it’s critical to both understand the new requirements and establish a plan to implement them. To help illustrate this process, we’ve put together the following graphic. Take a look at our roadmap, and let us know your feedback and questions in the comment section below.