Financial records must be retained for a period of time necessary to meet the operational, administrative and legal requirements of the University. The University has adopted a minimum retention time of five (5) years from the last day of the sponsored award period, unless the award document specifically states a longer retention period. For more information on unit procedures regarding retention and purging of financial records on sponsored awards, please see
CCHIP #007 Financial Research Compliance
- OMB Circular A-21
- Cost Principles for Educational Institutions
- OMB Circular A-110
- Uniform Administrative Requirements for Grants and Agreements with Institutions of Higher Education, Hospitals, and Other Non-Profit Organizations
- OMB Circular A-133
- Audits of States, Local Governments, and Non-Profit Organizations
Research Compliance
Compass: On-line Business Procedures for Principal Investigators
- IMPORTANT NOTE: Due to USF governance changes and/or new business system implementations, many COMPASS business processes will be changing. To stay informed of change(s) for a particular process, click the "NOTIFY ME BY EMAIL..." button at the bottom of each process listed in this section.