Skip to content Menu

The Office of Management and Budget (OMB) released the annual Compliance Supplement to its Uniform Administrative Requirements, Cost Principles, and Audit Requirements on August 9. The supplement provides detailed guidance for conducting single audits of states, local governments, and nonprofit organizations, including colleges and universities.

The new supplement supersedes the 2015 version and will apply to audits of fiscal years beginning after June 30, 2015. Guidance related to Title IV aid can be found in Part 4, while clusters of programs, including research and development and student financial assistance, are covered in Part 5.

Appendix V of the 2016 Compliance Supplement describes the changes from the 2015 version.

Contact

Bryan Dickson

Assistant Director, Advocacy and Student Financial Services

202.861.2505


Related Content

What Did I Miss in Washington? September 9-23, 2019

In this edition: Congress moves to provide minority-serving institutions with STEM support, ED announces disaster relief funds and application requirements, and more.

NACUBO Asks GASB for Clarity on Section 457 Plans

In comments to the Governmental Accounting Standards Board on Section 457 plans, NACUBO suggested that GASB clarify their definition of a pension plan in its proposed guidance.

New Borrower Defense Advisory Now Available

New Department of Education borrower defense rules affect both public and private institutions. NACUBO’s guidance explains how to comply with the regulations.