Single Audit Or Program-Specific Audit Reporting Package Checklist

Audits require compliance with an array of authoritative requirements and practice aids; this Guide offers “how-to” advice and tools to assist auditors in fulfilling these requirements accurately and efficiently.

Report that lists each Contract/Grant covered in the audit by Department Contract Number. Also includes (where relevant) references to requirements of Contract/Grant requirements as well as audit guidance provided by the department.

1. Schedule of Findings and Questioned Costs

Due to recent changes in federal regulations, audit requirements, and reporting standards, auditing has become more complex than ever. This guide offers authoritative requirements as well as practical “how-to” advice and practice aids that will assist auditors in meeting these complex demands accurately, efficiently, and effectively.

The audit report must clearly identify each Contract/Grant included in a program-specific audit by their Department contract/grant number and include (where relevant) information regarding testing internal control and compliance as well as results of such testing, in addition to referring to a separate schedule of findings and questioned costs that is detailed herein.

The auditee must make its reporting package accessible to Federal agencies, pass-through entities, and the general public, unless prohibited by law. Copies of it should also be available upon request. Furthermore, neither its contents nor the data collection form should contain any protected personally identifiable data or sensitive data that would compromise security or confidentiality.

2. Management Letters

This series of articles explore and detail a broad array of authoritative requirements necessary for performing effective single audits on governmental units and nonprofit organizations. We combine this discussion with “how-to” advice and specially crafted practice aids that will assist your compliance efficiently and accurately.

Assuring the auditor’s work papers are assembled into a reporting package and data collection form for public inspection unless prohibited by Federal legislation or regulation; providing copies to State agencies and pass-through entities upon request.

Work closely with auditors and federal reviewers to expedite resolution of audit findings through State agency responses (Corrective Action Plans (CAPs), Quarterly Prior-Year Findings Updates/Summaries, Representation Letters). Make sure CAPs adequately demonstrate State’s position when there are disagreements with audit findings or recommendations.

Participates in a governmentwide project designed to assess whether State audit reports meet GAGAS requirements, standards and procedures. Cooperates and supports lead Federal agency efforts to enhance audit quality through conducting comprehensive and independent evaluation of State single audit processes.

3. Schedule of Findings and Questioned Costs for Subrecipients

Non-Federal entities utilizing federal awards exceeding $750,000 each year must undergo one audit per year of funding to assess compliance with regulations governing their use.

These audits are conducted to ensure that a non-federal entity maintains effective oversight and accountability for federal funds used to purchase goods and services, while also testing management’s effectiveness at creating and enforcing internal controls over these funds.

Complying with authoritative audit requirements and “how-to” advice can be challenging, so PPC has developed its Guide to Single Audits as a comprehensive way of meeting this challenge. Combining in-depth discussion of these requirements with specific practice aids designed to assist auditors, this Guide is especially helpful for government units and nonprofits that must conduct single audits accurately and efficiently – including comprehensive guidance on compliance testing, reporting, as well as an array of practice aids – this product can be purchased online.

4. Schedule of Findings and Questioned Costs for Pass-Through Entities

Audit findings or questioned costs must be documented with an audit finding summary schedule that describes their circumstances, explanation of any deficiencies, and recommendations for correcting them. This gives auditors an opportunity to present significant issues or discuss risks inherent in situations like this one, such as whether isolated deficiencies exist.

As part of the data collection form, an auditee representative must sign and affix their signature to a statement attesting that their reporting package complies with all the requirements outlined here (and in its instructions), does not contain protected personally identifiable information and is accurate and complete. Furthermore, this statement authorizes FAC to make their package publicly available on a website (unless restricted by Federal statutes or regulations).

Reports must be submitted electronically through the NYSED Application Business Portal and should not be sent via U.S. mail. For additional guidance, visit the Business Portal Tutorial & Training page.