One of the most important aspects of contracts and grants accounting is ensuring compliance with all applicable policies and regulations. The information below is an overview of the most important regulations and policies affecting extramural funding, particularly awards from federal agencies.
|University of California, Irvine
|University of California, Office of the President (UCOP)
The Office of Management and Budget's (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly called "Uniform Guidance") became effective for new and continuation awards issued on or after December 26, 2014. The Uniform Guidance streamlines and consolidates government requirements for receiving and using federal awards, and supersedes guidance from earlier OMB circulars.