What does 2 CFR 200 apply to?
Laws, Regulations and Guidance Uniform Guidance (2 C.F.R. Part 200): 2 C.F.R Part 200 establishes uniform administrative requirements, cost principles, and audit requirements for Federal awards to non-Federal entities.
Which part of 2 CFR 200 covers conflict of interest?
§ 200.112 Conflict of interest. The non-Federal entity must disclose in writing any potential conflict of interest to the Federal awarding agency or pass-through entity in accordance with applicable Federal awarding agency policy.
Does 2 CFR 200 apply to for profits?
(c) Subpart D of 2 CFR part 910 contains specific changes to 2 CFR part 200 that apply only to For-Profit Recipients and, unless otherwise specified, subrecipients. In some cases, the coverage in Subpart D will replace the language in a specific section of 2 CFR part 200.
What is a CFR in non profit?
Introduction. 2 CFR part 200 establishes cost principles for determining costs applicable to Federal awards with nonprofit organizations (NPOs). The principles are designed to ensure that the Federal Government bear its fair share of costs except where restricted or prohibited by law.
Is the CFR Federal law?
The Code of Federal Regulations (CFR) is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government.
Who is required to get a single audit?
A federal single audit is required when you spend more than $750,000 of federal funds in one year, regardless of whether those federally-sourced funds came directly from the federal government or were passed through from a state or local government.
What is a federal single audit?
Single Audit, previously known as the OMB Circular A-133 audit, is an organization-wide financial statement and federal awards’ audit of a non-federal entity that expends $750,000 or more in federal funds in one year.
Does uniform guidance apply to profit entities?
The Uniform Guidance generally applies to all non-federal entities receiving funds from federal agencies (see 2 CFR 200.101 for certain exceptions).
Does uniform guidance apply to federal contracts?
The rules for Cost Principles in the Uniform Guidance (2 CFR Part 200 Subpart E) only apply to Federal awards. Therefore, they do not address what indirect cost rate applies to contracts awarded by a grantee or subgrantee.
How do I find the Code of Federal Regulations?
OFR updates the material in the e-CFR on a daily basis. How do I access the electronic Code of Federal Regulations (eCFR)? The e-CFR is available at www.ecfr.gov.
What is the difference between the Federal Register and CFR?
The Federal Register is the chronological publication of proposed regulations, final regulations, and related materials. The Code of Federal Regulations (CFR) is a subject arrangement of regulations.
What does Fapiis mean?
Federal Awardee Performance and Integrity Information System
Federal Awardee Performance and Integrity Information System (FAPIIS) is a database that has been established to track contractor misconduct and performance.