Changes to the Use and Management of Tri-Agency Funds
A Principles-Based Approach
The Tri-Agencies (CIHR, NSERC and SSHRC) have launched an initiative to update the financial administration requirements of their grants. By moving to a principles-based approach the goal is to be less prescriptive, promote efficiencies and leverage existing institutional policies and controls to ensure the appropriate accountability and use of grant funds. Administering institutions will use the new Financial Administration Guide (draft) which is based on 4 Principles and 5 Directives, and will also apply their own policies and procedures for managing grant funds.
To learn more, please visit the Financial Services Tri-Agency Information page.
