What is a Single Audit? Pr e se nte d by: Ce nte r for Audit E xc e lle nc e Age nda Wha t is a sing le a udit? Whe n is a sing le audit ne e de d? What are my re spo nsib ilitie s as an audite e ? Wha t a re a udito rs lo o king fo r? Ho w will this be re po rte d? He lpful re so urc e s 2 Whe n a Single Audit is ne e de d 200.501(b) - S ingle audit. A 2 CF R no n-F e de ral e ntity tha t e xpe nds $750,000 o r mo re during the no n- F e de ra l e ntity's fisc a l ye a r in F e de ra l a wa rds must ha ve a sing le a udit c o nduc te d in a c c o rda nc e with §200.514 c o pe o f audit . S 3 1
T ype of F e de r al Assistanc e No n-c a sh Co o pe rative Gra nts c o ntrib utio ns/ do na tio ns Ag re e me nts o f pro pe rty L o a ns o r lo a n Dire c t a ppro pria tio ns I nsura nc e g ua ra nte e s 4 Histor y of a Single Audit “T he Single Audit Uniform Guidanc e Ac t of 1984” (Public OMB Circ ular A-128 (UG) L aw 98-502) E stablishe d I ssue d in 1985 to re quire me nts fo r he lp audito rs and I ssue d 2013; c e rtain g o v’ s that re c ipie nts U pdate d in 2014 & administe r F e d. imple me nt the ne w 2015 pro g rams Sing le Audit Ac t E xte nde d to additio nal e ntity Ame nde d in 1996 Supe rse de s: A-87, type s in 1990 unde r (31 U SC 75) A-102, A-133 A-133 (mo difie d in 2003 & 2007) (A-122, A-21, A-110, A-89 & A-50) 5 Unifor m Guidanc e Br e akdown • We bsite : www.e c fr.g o v • Subpart A (.00 - .99) – Ac ro nyms and De finitio ns Unifo rm • Subpart B (.100 - .113) – Ge ne ral Pro visio ns Guida nc e • Subpart C (.200 – .213) – Pre -F e de ral Award Re quire me nts and Co nte nts o f F e de ral Awards – 2 CF R • Subpart D (.300 – .345) – Po st F e de ral Award Re quire me nts §200 • Subpart E (.400 – .475) – Co st Princ ipals • Subpa rt F (.500 – .521) – Audit Re quire me nts • Appe ndic e s 6 2
Sc he dule of F e de r al E xpe nditur e R e quir e me nts (SE F A) L ist individual F e de ra l pro g ra ms b y F e de ra l a g e nc y Na me pa ss-thro ug h e ntity a nd ide ntifying numb e r a ssig ne d b y the m Pro vide to ta l F e de ra l a wards e xpe nde d fo r e a c h individual pro g ra m a nd the CF DA numb e r Inc lude to ta l a mo unt pro vide d to sub re c ipie nts No te s to the SE F A 7 What ar e the auditor s looking at? • Offic e o f Budg e t a nd Ma na g e me nt (OMB) a nnua lly puts o ut a Co mplia nc e Supple me nt tha t pro vide s g uida nc e a nd sug g e ste d a udit pro c e dure s fo r diffe re nt a re a s o f c o mplia nc e . Audito rs will lo o k at the • In a dditio n, re q uire me nts ma y b e Sc he dule o f E xpe nditure o f F e de ral Awards (SE F A) to o utline d b y pa ss-thro ug h e ntitie s, de te rmine the fe de ral g ra nt a wa rds a nd a g re e me nts, a nd pro g rams that will ne e d to be o the r fo rms o f c o mmunic a tio n. te ste d. 8 Complianc e R e quir e me nts Ac tivitie s Allo wable Cash Allo we d and Co sts/ Co st E lig ibility Manag e me nt Unallo we d Princ iple s E quipme nt & Matc hing , L e ve l Pro c ure me nt & Pe rio d o f Re al Pro pe rty o f E ffo rt, and Suspe nsio n and Pe rfo rmanc e Manag e me nt E armarking De barme nt Pro g ram Subre c ipie nt Spe c ial T e sts Re po rting Inc o me Mo nito ring and Pro visio ns 9 3
Auditor s’ R e por ts and L e tte r s A re po rt o n c o mplianc e fo r e a c h ma jo r pro g ra m An o pinio n o n whe the r a nd a re po rt o n inte rna l the SE F A is fa irly sta te d in c o ntro ls o ve r c o mplianc e . a ll ma te ria l re spe c ts to the • Will inc lude a n o pinio n fo r e a c h fina nc ia l sta te me nts. ma jo r pro g ra m Sc he dule o f F inding s Ma na g e me nt L e tte r 10 Audit R e por ting Audit F inding s (2 CF R 200.516) •Sig nific ant de fic ie nc ie s and ma te ria l we a kne sse s in inte rna l T he re a re 4 type s o f c o ntro l o ve r majo r pro g rams o pinio ns tha t c a n b e •Mate rial no nc o mplianc e with issue d—unmo difie d, the pro visio ns o f F e de ral statue s, re g ulatio ns, o r the te rms and q ua lifie d, a dve rse , o r c o nditio ns o f F e de ra l a wa rds disc la im. re late d to a majo r pro g ram •Que stio ne d c o sts tha t a re g re a te r tha n $25,000 fo r a type o f c o mplianc e re quire me nt fo r a majo r pro g ram 11 Audit F indings Will be lo c ate d in the Sc he dule o f F inding s and inc lude (as applic able ) 2 CF R 200.516 T he c rite ria o r Re c o mme nda tio n F e de ra l pro g ra m Na me o f the spe c ific If the finding ha d Vie ws o f re spo nsib le to pre ve nt na me a nd CF DA F e de ra l a g e nc y o r re q uire me nt upo n b e e n issue d in the o ffic ia ls o f the o c c urre nc e s fro m numb e r pa ss-thro ug h whic h the finding is prio r ye a r a udite e s o c c urring a g a in b a se d 12 4
Cor r e c tive Ac tion Plan 2 CF R 200.511 T he a udite e must pre pa re (in a do c ume nt se pa ra te fro m the a udito rs’ finding s) a c o rre c tive a c tio n pla n to a ddre ss e a c h a udit finding . •Must pro vide the na me s o f the c o nta c t re spo nsib le fo r the a c tio n, the c o rre c tive a c tio n pla nne d, a nd the a ntic ipa te d c o mple tio n da te . •T he Co rre c tio n Ac tio n Pla n must b e pre pa re d o n the a udite e s’ le tte rhe a d. 13 Sc he dule of Pr ior Ye ar Audit F indings 2 CF R 200.511 Audite e is re spo nsib le fo r pre pa ring the Sc he dule •Must re po rt the sta tus o f AL L finding s inc lude d in the prio r ye a r’ s Sc he dule o f F inding s •F ully Co rre c te d •Pa rtia lly Co rre c te d •No t Co rre c te d •Must inc lude the ye a r in whic h the finding o rig ina lly o c c urre d 14 Data Colle c tion F or m (DCF ) Bo th a udito rs • I nc lude s info rmatio n re late d to the a nd a udite e s financ ial and sing le audit a re re q uire d • As pa rt o f the sub missio n the to c o mple te c o mple te audit re po rt will be uplo ade d a n o nline fo rm • Audite e s a nd a udito rs will b e tha t is re quire d to c o mple te a c e rtific atio n sub mitte d to re g arding info rmatio n in the the F e de ra l sub missio n tha t so me o ne in the e ntity will b e re spo nsib le fo r Audit c o mple ting Cle a ring ho use 15 5
R e sour c e s • Unifo rm Guida nc e -- https:/ / www.e c fr.g o v/ c g i-b in/ te xt- idx? SI D=15d9c 6bbda c e 50bc e 92a da a 4bb2 de 2a f&c =e c fr&tpl=/ e c frb ro wse / T itle 02/ 2c fr v1_02.tpl • UG F AQs--https:/ / c fo .g o v/ wp- c o nte nt/ uplo a ds/ 2017/ 08/ July2017- Unifo rmGuidanc e F re que ntlyAske dQue stio n s.pdf • OMB-- https:/ / www.white ho use .g o v/ o mb / ma na g e me nt/ o ffic e -fe de ral-financ ial- ma na g e me nt/ 16 R e sour c e s • F e de ra l Audit Cle a ring ho use -- https:/ / ha rve ste r.c e nsus.g o v/ fa c we b / De fa ult.aspx • AI CPA Go ve rnme nt Audit Qua lity Ce nte r-- https:/ / www.aic pa .o rg / inte re stare a s/ g o ve r nme ntalauditq ua lity.html • AOS We bsite -- http:/ / www.o hio audito r.g o v/ re fe re nc e s/ pr ac tic e aids.html 17 Center for Audit Excellence 88 E. Broad St. Columbus, Ohio 43215 Presenter phone: (800) 282-0370 FACCR@ohioauditor.gov 18 6
88 E. Broad St. Columbus, Ohio 43215 Phone: (800) 282-0370 Email: ContactUs@OhioAuditor.gov www.OhioAuditor.gov 7
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