2 CFR Chapter XXVII - gpo 2025

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2 CFR Part 200, Subpart F outlines the accounting requirements to a Uniform Guidance Audit, also known as a 2 CFR 200 Audit and formerly known as an OMB A-133 Audit.
See 2 CFR 200.31 (disallowed costs), which states, Disallowed costs means those charges to a Federal award that the Federal awarding agency or pass-through entity determines to be unallowable, in ance with the applicable Federal statutes, regulations, or the terms and conditions of the Federal award. Page 2
The basic criminal conflict of interest statute, 18 U.S.C. 208, prohibits Government employees from participating personally and substantially in official matters where they have a financial interest.
Modified Total Direct Cost (MTDC) means all direct salaries and wages, applicable fringe benefits, materials and supplies, services, travel, and up to the first $50,000 of each subaward (regardless of the period of performance of the subawards under the award).
Per 2 C.F.R. 200.112, The Federal awarding agency must establish conflict of interest policies for Federal awards. The non-Federal entity must disclose in writing any potential conflict of interest to the Federal awarding agency or pass-through entity in ance with applicable Federal awarding agency policy.

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200.403 Factors affecting allowability of costs. Except where otherwise authorized by statute, costs must meet the following criteria to be allowable under Federal awards: (a) Be necessary and reasonable for the performance of the Federal award and be allocable thereto under these principles.
Both the Federal Acquisition Regulations (FAR) used by Federal Agencies to acquire products and services to support their operations and 2 Code of Federal Regulations (CFR) 200 used by Federal Agencies for grants to support Federal programs set forth requirements that the organizations awarded contracts or grants have

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