Sneak Preview: SF-SAC Issued For Audits Under Uniform Guidance

July 29, 2016 | By Jerry Ashworth | Post a Comment

xsass_bookshot(The following was excerpted from a recent article in the Single Audit Information Service.) The Office of Management and Budget (OMB) recently released a new Data Collection Form for Reporting on Audits of States, Local Governments, Indian Tribes, Institutions of Higher Education and Nonprofit Organizations (SF-SAC) for audits conducted under Subpart F of OMB’s uniform guidance.

Subpart F requires that auditees that expend $750,000 or more annually (§200.501) must submit to the Federal Audit Clearinghouse (FAC) a completed SF-SAC when they submit their single audit or program-specific audit reporting package (§200.515). Collaborating with their auditors, auditees use the SF-SAC to report audit results, audit findings and questioned costs. The SF-SAC is Appendix X of the uniform guidance.

The FAC website also maintains prior versions of the SF-SAC, titled Data Collection Form for Reporting on Audits of States, Local Governments and Nonprofit Organizations, for reporting on audits of fiscal years (FYs) beginning in 2012, 2013 and 2014 under former Circular A-133, along with the SF-SAC for audits of FYs beginning in 2009, 2010 and 2011 for late submissions. The site now includes an SF-SAC that applies to tribal organizations and institutions of higher education (IHE), as well as state and local governments and nonprofit organizations, reporting on fiscal years beginning on or after Dec. 26, 2014. Auditees and auditors should be aware of which SF-SAC applies.

Now that OMB has issued the new SF-SAC, single audit submissions to the FAC that are required to follow the uniform guidance that were due at any point prior to Sept. 19, are due to the FAC by Sept. 19. This deadline applies only to the actual submission to the FAC; the audit itself must be completed and reports issued within the timeframe specified in the uniform guidance (§200.512). Submissions of single audits performed under OMB Circular A-133 must continue to follow the deadlines prescribed in OMB Circular A-133.

(The full version of this story has now been made available to all for a limited time on Thompson’s Grants Compliance Expert site.)


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