Executive Summary Reporting, collecting, and analyzing data about individual grants, and the grantees themselves, is time-consuming, labor-intensive, and costly. Grantees prepare multiple forms, and duplicate data reported. Federal awarding agencies and other users of grantee information manually extract data from inconsistently prepared PDF forms or text files. The GREAT (Grants Reporting Efficiency and Transparency) Act […more]
Items tagged with "GREAT Act"
GREAT Act The Grants Reporting Efficiency and Transparency (GREAT) Act, signed into law December 30, 2019, mandates data standards for federal awards by 2022; and for Single Audit data by 2023. The Act states that data standards shall: “…render information reported by recipients of Federal awards fully searchable and machine-readable; be nonproprietary; incorporate standards developed […more]