(Uniform Guidance Audit) Formerly an OMB-A133 audit. An Office of Management and Budget audit performed by an independent CPA firm knowledgeable in the FAR. All NIH, DOE and NSF grantees with more than $500,000 in annual grant spending must hire an independent CPA firm to audit them and report that their government funding is being handled properly.
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May 9, 2018 / Ed Jameson /