Cost Principles, Audit, and Administrative Requirements for Sponsored Activities Administrative Policy
Policy
Wake Forest University conducts research and other activities that are sponsored by federal, state, or private entities. Sponsored grants and contracts provide essential outside funding to support the academic mission and research function of the University. As a recipient of federal, state, and privately sponsored grants and contracts, the University is required to comply with all policies and regulations set forth by the federal and state government and private sponsors, including compliance with the Office of Management and Budget (OMB) Uniform Guidance.
OMB Uniform Guidance identifies the cost principles, audit, and administrative requirements for sponsored projects. All University faculty, staff, and students responsible for administering sponsored grants shall be familiar with these principles and requirements, along with the Cost Principles, Audit, and requirements of the granting agency or authority, to mitigate the risks associated with noncompliance.
Related Procedures
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Related Forms
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