Compliance requirements are a series of directives established by United States Federal government agencies that summarize hundreds of Federal laws and regulations applicable to Federal assistance (also known as Federal aid or Federal funds). They are currently incorporated into the OMB A-133 Compliance Supplement, which was created by the US Office of Management and Budget (OMB).
In order to facilitate a recipients’s compliance with Federal laws and regulations, and as well as its annual Single Audit, the OMB created fourteen basic and standard compliance requirements for which recipients must always comply with when receiving and using such Federal assistance, and provided detailed explanations, discussions, and guidance about them in the OMB A-133 Compliance Supplement. The compliance requirements only serve as guidelines for compliance with the hundreds of laws and regulations applicable to the specific type assistance used by the recipient, and their objectives are designed to be generic in nature due to the amount of different Federal programs provided by the Federal government. The Compliance Requirements are assigned a letter in alphabetical order for easier identification.
Read more about Compliance Requirements: Activities Allowed or Unallowed (A), Allowable Costs/Cost Principles (B), Cash Management (C), Davis-Bacon Act (D), Eligibility (E), Equipment and Real Property Management (F), Matching, Level of Effort, Earmarking (G), Period of Availability of Federal Funds (H), Procurement and Suspension and Debarment (I), Program Income (J), Real Property Acquisition and Relocation Assistance (K), Reporting (L), Subrecipient Monitoring (M), Special Tests and Provisions (N)
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“I am not of the opinion generally entertained in this country [England], that man lives by Greek and Latin alone; that is, by knowing a great many words of two dead languages, which nobody living knows perfectly, and which are of no use in the common intercourse of life. Useful knowledge, in my opinion, consists of modern languages, history, and geography; some Latin may be thrown into the bargain, in compliance with custom, and for closet amusement.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)