Course 6: Time and Effort Reporting: Compliance for Your Largest Expense Category

Like all aspects of Uniform Guidance, OMB attempted to ease the administrative burden and place greater emphasis on sound internal controls concerning time and effort reporting. This leaves considerable ambiguity about exactly how Federal award recipients and subrecipients should document their personnel costs. What is the best way to handle accuracy and documentation so that your time records don’t result in disallowed costs? This session helps you understand the cost principle behind time and effort reporting, generating quality supporting documentation, and what’s expected under Uniform Guidance. You’ll get expert guidance on how to respond to the flexibility and ambiguity with high-performance procedures that help keep personnel costs from being questioned and disallowed. You’ll learn about what audit procedures you are likely to face and how organizations that have received findings could have avoided trouble.