A Compliance Title Is Crowned!

June 9, 2011 | By Jerry Ashworth | Post a Comment

OK, sports fans! This is a couple of months after the fact, but I thought I’d revisit my March Madness blog concerning the 14 compliance requirements (or in this case, “teams”) under the Office of Management and Budget Circular A-133 Compliance Supplement, in which I asked others to determine which “teams” would be in their final four as far as what grants managers find most maddening. Although sadly we received no comments on this, I can refer to some actual facts to determine the “winner.”

The Federal Audit Clearinghouse keeps data on the most common findings reported on the Data Collection Form in single audit reports. Looking at data from 2007 to 2009, the fifth highest compliance attribute with findings was “equipment/real property management,” with an average of 8,282 findings reported annually. In fourth place was “procurement/suspension and debarment,” with 9,009 findings reported annually.

Third place was a shocker. The category of “other” came next with an annual average of 12,624 findings. In second place was “reporting,” with 15,415 reported findings.

Leading the pack as the “champion” category with the most Circular A-133 findings was “allowable costs/cost principles,” with 18,791 findings reported annually. For what it’s worth, I got the top two correct, which is better than I did in the NCAA’s March Madness tournament. Look for your “Allowable Costs/Cost Principles Champions” t-shirts in a fine sporting goods store near you!

Does this ranking surprise you? What findings have you experienced to be included in the “other” category? Should the list of compliance categories be expanded?  

LinkedInShare

Post a Comment

Your email is never shared. Required fields are marked *

*
*