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OMB’s 2023 Compliance Supplement: Updates & Changes

AmpliFund

The Office of Management and Budget’s (OMB) 2023 Compliance Supplement for Single Audit Act audits has finally been released. OMB worked with federal agencies to provide additional guidelines, clarifications, and expectations for federal grant recipients, pass-through entities, and auditors.

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Save Time and Effort by Standardizing Data Collection

AmpliFund

These revisions clarified that if a federal awarding agency determines there is “non-performance” on the part of the recipient of federal funds, they can either cancel the award or reduce the amount of funding. These are not just inconsequential suggestions. What are the steps of standardization?