B. Reducing Burden on Universities by Clarifying Timing of the Disclosure Statement

B. Reducing Burden on Universities by Clarifying Timing of the Disclosure Statement To clarify requirements regarding responsibility for audit findings, OMB proposes a revision to 2 CFR Requirements for pass-through entities to clarify that pass-through entities (PTE) are responsible for addressing only a subrecipient’s audit findings that are specifically related to their subaward. For example,…

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