Is a mechanism for overseeing the stewardship of federal funds by verifying that funds are spent as mandated by legislation, post-award requirements, and regulations.

Also ensures that programs offered are of high quality and meet the needs of those served by the federal funds received.

Focuses on assessing "Performance" and "Outcomes".

2 CFR 200 Subpart D

» Glossary of Terms, Acronyms and Definitions