(vi) Organize the Federal cognizant agency for audit's follow-up on cross-cutting audit findings that affect the Federal programs of more than one Federal awarding agency. The requirements for a Single Audit are described in OMB 2 CFR 200 subpart F Audit Requirements. In most cases, the auditee's compliance responsibility for contractors is only to ensure that the procurement, receipt, and payment for goods and services comply with Federal statutes, regulations, and the terms and conditions of Federal awards. Organization and Purpose Audit requirements Medicare payments to a non-Federal entity for providing patient care services to Medicare-eligible individuals are not considered Federal awards expended under this part. If the due date falls on a Saturday, Sunday, or Federal holiday, the reporting package is due the next business day. ACF grantees are responsible for submitting their Single Audit Reports and the Data Collections Forms (SF-FAC) electronically to theto the Federal Audit ClearinghouseVisit disclaimer page (FAC) within the earlier of 30 days after receipt or nine months after the FYs end of the audit period. (i) Medicaid. You can learn more about the process For example, the National Institutes of Health is a major subdivision in the Department of Health and Human Services. This may require the auditor to audit more programs as major programs than the number of Type A programs. SEFA vs. SF-SAC). This is in addition to including the total Federal awards expended for loan or loan guarantee programs in the schedule. Management of an auditee that owns or operates a FFRDC may elect to treat the FFRDC as a separate entity for purposes of this part. single audit in your future Should we get an audit if we are not required to have a Single Audit? The governmentwide project can rely on the current and on-going quality control review work performed by the agencies, State auditors, and professional audit associations. For example, recent monitoring or other reviews performed by an oversight entity that disclosed no significant problems would indicate lower risk, whereas monitoring that disclosed significant problems would indicate higher risk. The data collection form prepared in accordance with 200.512(b), as applicable to a program-specific audit, and one copy of this reporting package must be electronically submitted to the FAC. If corrective action is not taken, the cognizant agency for audit must notify the auditor, the auditee, and applicable Federal awarding agencies and pass-through entities of the facts and make recommendations for follow-up action. (e) Audit follow-up. Any additional audits must be planned and performed in such a way as to build upon work performed, including the audit documentation, sampling, and testing already performed, by other auditors. The management decision must clearly state whether or not the audit finding is sustained, the reasons for the decision, and the expected auditee action to repay disallowed costs, make financial adjustments, or take other action. Audit Requirements | HRSA (c) Promptly follow up and take corrective action on audit findings, including preparation of a summary schedule of prior audit findings and a corrective action plan in accordance with 200.511(b) and (c), respectively. Within 30 calendar days after any reassignment, both the old and the new oversight agency for audit must provide notice of the change to the FAC, the auditee, and, if known, the auditor. If so, a single audit will be required, in addition to your financial statement audit. The corrective action plan must provide the name(s) of the contact person(s) responsible for corrective action, the corrective action planned, and the anticipated completion date. A listing of current program-specific audit guides can be found in the compliance supplement, Part 8, Appendix VI, Program-Specific Audit Guides, which includes a website where a copy of the guide can be obtained. (b) Single audit. (e) Step four. WebUnder a single audit, low-risk Type A programs are identified as those: A. The FAC website can be found at: https://facweb.census.gov/ I understand and acknowledge the above federal audit The auditor must sign a statement to be included as part of the data collection form that indicates, at a minimum, the source of the information included in the form, the auditor's responsibility for the information, that the form is not a substitute for the reporting package described in paragraph (c) of this section, and that the content of the form is limited to the collection of information prescribed by OMB. OMB will provide this identification in the compliance supplement. (5) Provide OMB with the name of a single audit accountable official from among the senior policy officials of the Federal awarding agency who must be: (i) Responsible for ensuring that the agency fulfills all the requirements of paragraph (c) of this section and effectively uses the single audit process to reduce improper payments and improve Federal program outcomes. All audits of state and local government Program-specific audits are subject to: (1) 200.500 Purpose through 200.503 Relation to other audit requirements, paragraph (d); (2) 200.504 Frequency of audits through 200.506 Audit costs; (3) 200.508 Auditee responsibilities through 200.509 Auditor selection; (5) 200.512 Report submission, paragraphs (e) through (h); (7) 200.516 Audit findings through 200.517 Audit documentation; (9) Other referenced provisions of this part unless contrary to the provisions of this section, a program-specific audit guide, or program statutes and regulations. If you have questions for the Agency that issued the current document please contact the agency directly. Subpart F - Audit Requirements The cumulative balance of Federal awards for endowment funds that are federally restricted are considered Federal awards expended in each audit period in which the funds are still restricted. WebAn auditee may simultaneously be a recipient, a subrecipient, and a contractor. The auditor must determine and provide an opinion (or disclaimer of opinion) whether the financial statements of the auditee are presented fairly in all materials respects in accordance with generally accepted accounting principles (or a special purpose framework such as cash, modified cash, or regulatory as required by state law). Single Audit . information or personal data. Management decisions must include the reference numbers the auditor assigned to each audit finding in accordance with 200.516(c). The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. All audits of state and local government reporting entities. When a Federal program providing loans exceeds four times the largest non-loan program it is considered a large loan program, and the auditor must consider this Federal program as a Type A program and exclude its values in determining other Type A programs. Single Audit Act Requirements - michigan.gov (g) Compliance responsibility for contractors. (2) When audit findings were not corrected or were only partially corrected, the summary schedule must describe the reasons for the finding's recurrence and planned corrective action, and any partial corrective action taken. Single Audit guidance on single audit requirements Except for audit follow-up, the auditor is not required under this part to perform audit procedures for such a Federal program; therefore, the auditor will normally not find questioned costs for a program that is not audited as a major program. citations and headings The official, published CFR, is updated annually and available below under (3) Any interest subsidy, cash, or administrative cost allowance received. Background and more details are available in the This restriction applies to the base year used in the preparation of the indirect cost proposal or cost allocation plan and any subsequent years in which the resulting indirect cost agreement or cost allocation plan is used to recover costs. The FAC website can be found at: https://facweb.census.gov/ I understand and acknowledge the above federal audit 200.503 Relation to other audit requirements. (h) Electronic filing. Toll Free Call Center: 1-877-696-6775, Call FAC at the toll-free number: (800) 253-0696. (f) Subrecipients and contractors. (e) Endowment funds. Notably, OMB also released guidance earlier this year allowing counties that received less than $10 million in Recovery Funds and spent less than $750,000 of non-ARPA federal in a single fiscal year to opt for attestation instead of audit under the Single Audit Act. Webdefinition. (d) Exemption when Federal awards expended are less than $750,000. A single audit is the default requirement. (c) Program-specific audit election. (3) Known or likely questioned costs that exceeded five percent of the total Federal awards expended for a Type A program during the audit period. The auditor's determination should be based on an overall evaluation of the risk of noncompliance occurring that could be material to the Federal program. Your First Single Audit, What Do The financial statements and schedule of expenditures of Federal awards must be for the same audit period. We recommend you directly contact the agency responsible for the content in question. An auditee who does not have a designated cognizant agency for audit will be under the general oversight of the Federal agency determined in accordance with 200.1 oversight agency for audit. The Federal awarding agency or pass-through entity responsible for issuing a management decision must do so within six months of acceptance of the audit report by the FAC. Learn more about the eCFR, its status, and the editorial process. (b) Restriction on auditor preparing indirect cost proposals. Within 30 calendar days after any reassignment, both the old and the new cognizant agency for audit must provide notice of the change to the FAC, the auditee, and, if known, the auditor. WebStill, one requirement applies to any non-federal entity that expends more than $750,000 in federal funding during its fiscal yearthe Single Audit (or Uniform Guidance Audit). WebApplicable non-federal entity recipients performing a single audit will submit the data collection form (SF-SAC), and the Single Audit reporting package through the If the amount of the EIDL loan in combination with other federal funds exceeds $750,000 in their fiscal year, the nonprofit must complete a Single Audit. Audited in at least one of the two most recent audit periods as a major program. This is in addition to the organizations financial statement audit. Where there have been changes to the compliance requirements and the changes are not reflected in the compliance supplement, the auditor must determine the current compliance requirements and modify the audit procedures accordingly. (i) A Federal program administered under multiple internal control structures may have higher risk. A non-Federal entity that expends less than $750,000 in Federal awards during the non-Federal entitys fiscal year is exempt from Federal single audit requirements for that year, except as noted in (i) Audit findings (e.g., internal control findings, compliance findings, questioned costs, or fraud) that relate to the same issue must be presented as a single audit finding. eCFR :: 2 CFR Part 200 Subpart F -- Audit Requirements Does the Single Audit requirement apply to CARES Act funding? Audit requirements The single audit requirement is triggered by expenditure of $750,000 or more federal financial assistance received as direct federal awards or passed through other recipients such as state agencies or county governments during the auditees fiscal year.