NASACT: The GREAT Act & Proposed Revisions to the Uniform Guidance: Things You Need to Know!
Date/Time: March 12th, 2020 11am - 12:25pm (MST)
CPE: 1.5 credits available
At the end of this webinar, attendees should be able to:
- Identify the major provisions of the GREAT Act, including its various effective dates.
- Define ways to address barriers to adoption.
- Recognize the significant proposed revisions to the Uniform Guidance and understand the impact these changes will have on your government or organization.
Field of Study: Auditing (Governmental)
This webinar will provide an overview of the important new requirements of the GREAT Act, including its various effective dates, and the major proposed changes to the Uniform Guidance.
On December 30, 2019, the Grant Reporting Efficiency and Agreements Transparency Act (GREAT Act) was signed into law. This far-reaching law will have many impacts on the government financial accountability community, including:
- Establishing government-wide data standards for information related to federal awards reported by recipients of federal awards.
- Issuing guidance to grant-making agencies on how to utilize new technologies and implement new data standards into existing reporting practices with minimum disruption.
- Using data standards for all future information collection requests by federal awarding agencies. Amending the Single Audit Act to provide for grantee audits to be reported in an electronic format consistent with the data standards.
- Enabling the collection, public display and maintenance of federal award information as a government-wide data set.
On January 22, 2020, the U.S. Office of Management and Budget released proposed revisions to the Uniform Guidance. Among the many changes of high interest are:
- Addressing allowability of pension costs.
- Government Audit Quality Project.
- Changes to the procurement micro-purchase and simplified acquisition threshold.
- Using the System for Award Management (SAM)/Unique Identifier.
- Domestic preferences for procurement.
- Standardizing terms across 2 CFR part 200 to support standardization of grants management business process and data.
- Clarifying areas of misinterpretation such as the responsibilities of the pass-through entity to address only a subrecipient’s audit findings related to their subaward.
- Expand availability of the de minimis indirect cost rate to all grant recipients, regardless of whether the recipient has previously had a formal indirect rate agreement.
Department of Administration
General Accounting Office
100 N 15th Avenue Suite 302
Please remember to bring your State of Arizona badge to gain access through security.
**You may bring your lunch if you wish. Currently, the ADOA Building does not have a cafeteria.
Please park on the lot north of the parking garage or the northeast corner of 15th Avenue and Adams. There are two disabled parking spaces in the visitor section of the garage and three disabled parking spaces in the northeast surface lot. These spaces are NOT restricted by the "2-hour visitor parking" signs.
Space is limited, so reserve your place early
- Sign in to the TraCorp Learning Platform.
If you have not logged in to the new Learning Management Site before, you will need to use your EIN and initial password of “NewUser1” on the first login. Once in, you will have to change your password before proceeding.
- Click “Content”, then “Show Content” at the top of the page.
- Change drop-down selection to “Entire Catalog” in the middle of the page.
- Enter “GAO Hosted Webinar” in the search box.
- Under Upcoming Sessions, select the “Register” button on the right side of the course. This course name is, "Great Act & Proposed Revisions to Uniform Guidance"
- An email confirmation of your enrollment will be sent to your inbox