Major Changes, What’s New, What’s Gone, and What GMA Clients Should Expect
OMB has officially released the 2025 Compliance Supplement (Appendix XI to 2 CFR Part 200), which now governs federal grant audits for fiscal years beginning after June 30, 2024. This year’s Supplement is not a routine update—it reflects the major overhaul of the Uniform Guidance issued in 2024 and introduces a dual audit framework, new thresholds, new definitions, and elevated documentation and internal-control expectations.