2 CFR 200 (Uniform Guidance)

2 CFR 200, known as the Uniform Guidance, sets the rules for how federal funds are managed by organizations like nonprofits, universities, and local governments. It ensures transparency, accountability, and proper use of public money by establishing standards for financial management, reporting, and internal controls. The guidance covers budgeting, accounting, auditing, and preventing fraud, helping organizations responsibly handle federal grants and awards while making sure taxpayer funds are used effectively and ethically.