Compliance & Legal Considerations Flashcards
7 cards from real CGA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Compliance & Legal Considerations flashcards as text
Under 2 CFR Part 200, the term 'questioned costs' in an audit refers to costs that are:
Answer: Subject to review because they may be unallowable, undocumented, or ineligible
Questioned costs are costs identified in an audit that the auditor believes may not comply with grant requirements and warrant further review.
Section 504 of the Rehabilitation Act of 1973 requires federal grant recipients to:
Answer: Ensure their programs and services are accessible to individuals with disabilities
Section 504 prohibits discrimination against people with disabilities and requires program accessibility in federally funded organizations.
A recipient organization's indirect cost rate is negotiated with its cognizant federal agency. This rate is documented in a(n):
Answer: Negotiated Indirect Cost Rate Agreement (NICRA)
A NICRA is the formal agreement between the recipient and its cognizant agency establishing the approved indirect cost rate.
Which of the following best describes a 'cost transfer' in the context of federal grant compliance?
Answer: Reassigning a cost from one project or account to another after it was initially recorded
A cost transfer moves a previously recorded expense from one account or award to another and must be justified, documented, and timely to be allowable.
Under the National Environmental Policy Act (NEPA), what must federal agencies do before funding certain grants that may significantly affect the environment?
Answer: Complete an environmental review, such as an Environmental Impact Statement or Environmental Assessment
NEPA requires federal agencies to assess the environmental impacts of major federal actions before proceeding, which can include grant funding decisions.
A grant administrator is informed that a whistleblower employee reported grant fraud to an Inspector General. Under the law, the organization is prohibited from:
Answer: Retaliating against the employee for making the protected disclosure
Federal whistleblower protection statutes prohibit retaliation against employees who report suspected fraud, waste, or abuse in federally funded programs.
When a federal grant award is terminated for cause, the recipient may generally recover costs that are:
Answer: Properly incurred before the termination and not otherwise recoverable
Recipients may recover allowable costs properly incurred before the termination effective date, but not future or anticipatory costs.