Genuine Learning Blog: OMB Proposes Changes to the Uniform Guidance

| , ,

On October 5th, the Office of Management and Budget proposed changes to the Uniform Guidance. One of the most noteworthy changes is a proposal to increase the Single Audit threshold to $1m. There are also changes proposed to the title of 2 CFR 200 as well as changes to various sections. Comments are due December 4, 2023.

SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members.

With over 15 years of experience in the accounting profession, Melisa Galasso designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.

Do you agree with the proposed changes to the UG?

Uniform Grants Guidance Revisions – Redline (2023).pdf (cfo.gov)

Accounting Practice Sales | South Carolina CPA Firms for Sale

Let Accounting Practice Sales, the largest marketer of CPA practices in the United States, assist you. Confidential. Experienced. For a FREE, no-obligation valuation of your firm, contact us: Wade@APS.net or (888) 847-1040. ...
READ MORE

Genuine Learning Blog: DRAFT 2025 Compliance Supplement

The draft of the 2025 Compliance Supplement has been released. Key proposed changes include updates to program. ...
READ MORE

Transformation Trends: When CPAs Are Asked to Hide Their Credentials: Ownership, Regulation, and Public Trust

For most CPAs, those three letters after our name are more than a credential—they’re a symbol of ethics, achievement, and trust. ...
READ MORE