Uniform single audit program

We understand HUD programs and the important elements and related testing required to help you stay in compliance. Webinar Jan 14, Like what you see here? Contact Us Now. Uniform Guidance Single Audits. More details. Need assistance in understanding and applying the special considerations required in a single audit? This Audit Guide is an indispensable resource for auditors performing Yellow Book and Uniform Guidance compliance audits.

Due to the timing of the effective dates of SAS Nos. For auditors that are not early implementing SAS Nos. This edition of the guide is relevant to auditors that have implemented SAS Nos.

This new edition has been updated for the revision to the Uniform Guidance and the technical update to Government Auditing Standards. It provides up-to-date information and expert guidance on single audits and Uniform Guidance compliance audit requirements, including example auditor reports for both the reporting required under Government Auditing Standards and the Uniform Guidance compliance audit.

The illustrative auditor's reports have also been updated to reflect changes as a result of SAS Nos. Save time with our group order form. We can help with group discounts. Call us at option 1 or email us at salessupport aicpa. Log in Register. Internal Controls over Compliance with Federal Awards The Uniform Guidance requires grantees to establish and maintain effective internal control over compliance with federal awards.

Both of these are good references for designing an effective system of internal control. Maintaining significant policies and procedures in a written format is a best business practice, and the Uniform Guidance requires several policies and procedures to be in written form. These include policies over procurement, conflict of interest in relation to procurement, cash management, and allowability of costs including personnel and travel costs.

Although your entity may have many of these policies in place already, it is important to review them to ensure they address the federal compliance aspects, making modifications as needed. Annual Financial Reporting With federal awards also comes annual financial reporting. The Schedule of Expenditures of Federal Awards SEFA is an annual financial schedule that provides information for your organization's federal awards, including identifying information and annual expenditures.

Information that should be reported on the SEFA includes:. Major Compliance Requirements for Federal Awards Each program will have its own specific set of compliance requirements based on the characteristics of the award.

In general, most programs have certain restrictions over the use of the awarded dollars and reporting requirements. From there, your grant may have eligibility standards for program participants, matching requirements or other specific requirements. Reviewing the Uniform Guidance and your grant agreement will help you to identify what compliance requirements are applicable to your federal program.

Understanding the Impact of Single Audit Requirement on Your Organization Federal compliance can be tricky to navigate, especially if your organization is administering federal awards for the first time.

Understanding your compliance requirements and what you need to prepare is the first step. We broke down major compliance requirements and common pitfalls in single audits.