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People also ask
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What are the requirements for effort reporting?
Time and effort records MUST: Be supported by a system of internal controls which provides reasonable assurance that charges are accurate, allowable and allocable (WRITTEN PROCEDURES!); 2. Be incorporated into official records; 3. Reasonably reflect total activity for which the employee is compensated; 4. -
What is the purpose of effort reporting?
Federal agencies are accountable to Congress and to the public for the use of public funds. Effort Certification Reports provide documentation that demonstrates accountability for the use of funds. -
What is effort reporting?
Effort reporting is a process mandated by the federal government to verify that direct labor charges to, or cost shared on, sponsored projects are accurate, timely, and reflect the actual level of work performed. -
What is the effort policy at Harvard?
The Harvard Effort Reporting Policy requires that faculty, who serve as Principal Investigators (PIs) on federal awards, signNow their own effort annually and signNow non-faculty effort on federal awards quarterly. -
What is after the fact effort reporting?
After-the-Fact Effort Reporting is the method the University uses to signNow to federal sponsors that the effort spent on a project is equal to the salaries actually charged plus cost sharing.
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