Topics covered include: Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards; Acronyms & Definitions— Subpart A; General Provisions— Subpart B; Pre?Federal Award Requirements and Contents of Federal Awards— Subpart C; Post?Federal Award Requirements— Subpart D; Cost Principles— Subpart E; Audit Requirements— Subpart F. Upon completing this course, you should be able to: Develop a high-level understanding of each area of Uniform Guidance; Recognize how to look at the Administrative Requirements involved when spending federal awards; Identify the Cost Principles when spending federal awards; Differentiate the auditee and auditor responsibilities for audit requirements under Uniform Guidance; Identify the date the final Council on Financial Assistance Reform FAQ was issued; Differentiate subparts of the Uniform Guidance for Federal Awards Contents prescribing the respective audit requirements; Recognize true statements with respect to procurement requirements; Identify characteristics of a contractor as it relates to the subrecipient/contractor determination; Recognize the percentage coverage rule relating to low risk auditees; Describe the effective due date policies and procedures with respect to the Uniform Guidance; Differentiate the subparts of the Uniform Guidance for federal awards relates to cost principles; Identify what is included in the financial management system; Identify the threshold for micro purchases; Differentiate characteristics of a subrecipient instead of a contractor; Identify the new audit threshold; Identify a common low risk auditee assessment error; Describe the new NPO.