Accordingly, the auditor should perform reasonable procedures to ensure that compliance requirements identified as subject to audit are current and determine whether there are any additional provisions of Federal awards relevant to the compliance requirements subject to the audit that should be covered. The procedures in these guides may not cover all circumstances or conditions encountered at a particular school or institution. The auditor should use professional judgment and due care to tailor the audit procedures so that the appropriate objectives are achieved.
Visit one of the following pages for guides and resources unique to the entity subject to audit:. Search for:. Financial Audits. Audit Overview. Submittal of Audits to the Federal Clearinghouse. Knowledge Check - Audits. Basics of Cost Allocation. Knowledge Check - Allowable Costs. Knowledge Check — Reasonable Costs. Knowledge Check — Allocable Costs. The Cost Allocation Process. Documenting Personnel Costs. After-the-Fact Time and Activity Reporting.
Supplemental Documentation of Staff Activities. Direct Charge of Personnel Costs. Knowledge Check — Direct Personnel Costs. Direct Charge of Non-Personnel Costs. Allocating Indirect Costs. Direct Allocation Method. Allocating Shared Personnel Costs. Allocating Shared Non-Personnel Costs. Knowledge Check — Indirect Costs. Assisted Living Conversion. Program Overview. Summary of Closeout Procedures. Recommended Closeout Actions. Recordkeeping Requirements.
On March 19, , OMB issued M providing that respondents who had not yet filed their single audits with the Federal Audit Clearinghouse as of the date of the memo Mar 19, , and that had fiscal years ending on or before June 30, , could delay the submission of their single audit to the Federal Audit Clearinghouse up to six months beyond their normal due date. Please reference the full memo for complete details. OMB issued a corrected Compliance Supplement dated August which replaces the previous edition dated June For Single Audits subject to the Supplement, auditors are permitted to use either the June or August edition for reports dated on or before October 31, Please document the version used.
For reports dated after October 31, , auditors are required to perform the audit using the August edition. The August edition of the Supplement can be accessed here. Audit Year
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