The Uniform Guidance Cost Principles Training Date

Transcript:The Uniform Guidance Cost Principles Training Date:
The Uniform Guidance Cost Principles Training Date Presented to Faculty and Support Staff The Basic Idea Agenda Introductions Background on the Uniform Guidance: Introduction to Sponsored Project Compliance, Overview and Institutional Impact Cost Principles: Cost Principles, Cost Transfers Processes Roles and Responsibilities Practice Activities Key Takeaways Resources Outcome: After this training we expect that you have an understanding of the Uniform Guidance and the changes to the regulations for allowable charges, direct charging and cost transfer (aka transfers). You will know your responsibilities, and know where to find answers to any questions that may arise. Agenda and Outcomes 1. Background on The Uniform Guidance Background on Uniform Guidance Overview of Changes The Uniform Guidance includes a combination of: Current Language from Existing Circulars Revised Language of Existing Circulars New Language The final guidance which went into effect December 26, 2014 superseded requirements from: OMB Circulars A-21, A-87, A-110, and A-122 (which have been placed in 2 C.F.R. Parts 220, 225, 215, and 230), Circulars A-89, A-102, and A-133 The guidance in Circular A-50 on Single Audit Act follow-up Introduction to Sponsored Project Compliance Perspective on the Current Industry Landscape The sponsored project administration environment grows increasingly complex with changing regulations, inconsistencies among agencies, lack of information (meaningful and timely reports), thus generating more risk than institutions recognize. There remains a vast disconnect between: The award environment, during which the funding agency and the PI focus primarily on the programmatic work itself The degree of flexibility that is perceived to exist while the work is being conducted The audit environment during the life of award through when an award is closed and subsequent audits take place The current environment will likely place increased emphasis on accountability during a time when many institutions are faced with significant financial strain and pressures to reduce staff. PIs are being held to a higher standard to follow regulations. The OAGSR and Office of the Treasurer will provide oversight and answers to questions but cannot perform the work for all PIs. EMPHASIZED COMPLIANCE ISSUES Fiscal Regulatory Cost Transfers Clinical Trial Billing Cost Sharing Direct charging practices Effort Reporting Equipment Claims Extra Service Compensation Financial Reporting Other Support Program Income Reporting Recharge Centers Unallowable Costs Animal Subject protections (IACUC) Export Controls Human Subject protections (IRB) HIPAA Privacy Laws Conflicts of Interest Invention Disclosures and Reporting Environmental Health & Safety Responsible Conduct of Research Scientific Overlap Sub-recipient Monitoring