Auditors and award recipients must understand the April 2024 Uniform Guidance revisions and the 2025 Compliance Supplement to stay compliant and avoid auditing under the wrong rules. Phil Marciano, Partner at Citrin Cooperman, highlights higher thresholds (single audit and Type A), expanded fixed amount subawards, and a higher de minimis indirect cost rate. He also emphasizes updated equipment rules, cybersecurity requirements, and timely FAC submissions to preserve low-risk status.
Learning Objectives
• Identify key changes in the 2024 Uniform Guidance, including updated audit thresholds, equipment capitalization limits, and the revised de minimis indirect cost rate.
• Distinguish between Type A and Type B programs and recognize how risk designations affect major program selection and audit scope.
• Recall the primary updates in the 2025 Compliance Supplement, including Part 3 revisions, higher-risk program designations, and FAC filing requirements.
• Select appropriate internal control considerations
• such as cybersecurity safeguards and Green Book alignment
• to address evolving federal compliance expectations.
