Exploring the Revised Procurement Standards

Saturday, March 18, 2023
Webcast or Webinar, Online
3:00 PM - 4:54 PM (opens at 2:30 PM) EST
2Credits
Accounting and Auditing

Registration is Open

Members
$79.00 Regular Price
Non-Members
$109.00 Regular Price

CPE PowerPass Users

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$36.00 Members / $52.00 Non-Members
Course Type: Webcast
Course Code: 22/AC615583
Level: Intermediate
Vendor: ACPEN
Field of Study: Accounting (Governmental)

Overview:

The Uniform Guidance (2 CFR 200) is revised effective November 12, 2020.  The greatest changes occur to the procurement standards and particularly he methods of procurement.  A delineation between the informal and formal procurement processes is the threshold for competition.  The ability to increase the Micro Purchase Threshold (MPT) and limitation on the Simplified Acquisition Threshold (SAT) requires a careful look at this OMB update to the Uniform Guidance.

 

Objectives:

  • Understand the critical updates to the Uniform Guidance
  • Compare the precise language changes for the various policies and procedures
  • Learn the key updates organized by each revised topic
  • Ability to take action to enhance an organization’s existing procedures to conform to this important update

Major Topics:

New and revised definitionsNew cost principleNew prohibitionsNew procurement preferencesNew approach to determining the MPT and SAT based on risk and internal controlsDefining the "floor" for the monetary level for sole source procurementsThe flexibility that no "one-size-fits-all" procurement standards

Major Topics:

New and revised definitionsNew cost principleNew prohibitionsNew procurement preferencesNew approach to determining the MPT and SAT based on risk and internal controlsDefining the "floor" for the monetary level for sole source procurementsThe flexibility that no "one-size-fits-all" procurement standards

Designed For:

Public Accountants, Consultants, Government Contractors and Awardees of Federal Grants and Cooperative Agreements which include: nonprofits, institutes of higher education, hospitals, Federal, state, local and tribal units of government.

Prerequisties:

None
CPE sponsors

The Florida Institute of Certified Public Accountants (FICPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org