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In some cases, a program-specific audit guide will be available to provide specific guidance to the auditor concerning internal controls, compliance requirements, suggested audit procedures, and audit reporting requirements.
(a) Audit required. A non-Federal entity that expends $1,000,000 or more during the non-Federal entity's fiscal year in Federal awards must have a single or program-specific audit conducted for that year in accordance with the provisions of this part.
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards: 200.0 – 200.521
Title 2 of the Code of Federal Regulations, also known as the “Uniform Guidance”, consists of Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
Does an audit conducted in accordance with Subpart F of the Uniform Guidance satisfy the contract audit requirements of FAR based contracts awarded by a Federal agency? ...........................................2
Subtitle A—Office of Management and Budget Guidance for Grants and Agreements CHAPTER II—OFFICE OF MANAGEMENT AND BUDGET GUIDANCE PART 200—UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS
Subpart F—Audit Requirements (§§ 200.500 - 200.521) Appendix I to Part 200—Full Text of Notice of Funding Opportunity. Appendix II to Part 200—Contract Provisions for Non-Federal Entity Contracts Under Federal Awards.
This final guidance supersedes and streamlines requirements from OMB Circulars A-21, A-87, A-110, and A-122 (which have been placed in OMB guidances); Circulars A-89, A-102, and A-133; and the guidance in Circular A-50 on Single Audit Act follow-up.
(a) Audit required. A non-Federal entity that expends $750,000 or more during the non-Federal entity 's fiscal year in Federal awards must have a single or program-specific audit conducted for that year in accordance with the provisions of this part.
The U.S. Office of Management and Budget (OMB) has consolidated eight of its circulars into one document, titled Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (2 CFR Part 200) – commonly referred to as the Uniform Guidance.