Audit Requirements of the Uniform Guidance

Posted by Timothy Tiernan on Jul 29, 2015 4:00:00 AM

Here's the punultimate installment of the several eCivis-hosted OMB training clips on the Uniform Guidance (2 CFR 200; previously known as the "super circular"), which is now in full effect for federal grantees. Part 9 of 10 from this OMB video series focuses on the audit portion of the final guidance, which strengthens oversight and scrutinizes where there is the greatest risk of waste, fraud, and abuse of taxpayer dollars. It improves transparency and accountability by making Single Audit reports available to the public online, and encourages federal agencies to take a more cooperative approach to audit resolution in order to more conclusively resolve underlying weaknesses in internal controls.

Here are some timestamps in this clip:

  • 1:04 - Revisions to the Single Audit, including strengthening risk-based approach to determining major programs.
  • 4:08 - Single Audit metrics for agencies, including a focus on the number of repeat findings. What the OMB wants to see is "not just a check-the-box exercise," but rather "cooperative audit resolution mechanisms," with agencies and audited recipients working together to resolve these issues in recipients' internal controls.
  • 7:15 - What hasn't changed in the audit requirements.
  • 8:23 - Q&A on the importance of transparency and responsibilites of monitoring accuracy of data.

Click the button below to access all ten OMB Uniform Guidance training videos. Be sure to share with the other departments: remember, we're in this together!

OMB Uniform Guidance Training 2015 with eCivis and the City of Los Angeles

Topics: OMB, eCivis Resources, Single Audit, Grants Management Best Practices, Uniform Guidance