2 CFR 200

2 CFR 200, also known as the Uniform Guidance, is a set of federal rules that govern how organizations receiving government funding must manage and report their funds. It ensures responsible stewardship by setting standards for financial management, compliance, and transparency. These rules help prevent waste, fraud, and misuse of funds, and promote consistent, efficient, and accountable use of federal resources across different agencies and recipients, such as nonprofits, universities, and state agencies. Essentially, it provides a clear framework for managing public funds responsibly and ethically.