The session will discuss common obstacles to proper adoption and execution of UG cost principles and subrecipient monitoring requirements. Learn of best tips and practices to avoid common issues. (This session will not discuss procurement, refer to session #35 for a detail procurement presentation.)
• Changes/clarifications to the administrative requirements, such as the use of risk assessments and subrecipient monitoring;
• Changes/clarifications to the cost principles, including level of effort reporting and application of the de minimus rates; and
• Upcoming issues that could impact your single audit.