![]() ![]() (3) The condition found, including facts that support the deficiency identified in the audit finding. (2) The criteria or specific requirement upon which the audit finding is based, including statutory, regulatory, or other citation. ![]() When information, such as the CFDA title and number or Federal award number, is not available, the auditor shall provide the best information available to describe the Federal award. (1) Federal program and specific Federal award identification including the CFDA title and number, Federal award number and year, name of Federal agency, and name of the applicable pass-through entity. The following specific information shall be included, as applicable, in audit findings: Audit findings shall be presented in sufficient detail for the auditee to prepare a corrective action plan and take corrective action and for Federal agencies and pass-through entities to arrive at a management decision. ![]() (7) Instances where the results of audit follow-up procedures disclosed that the summary schedule of prior audit findings prepared by the auditee in accordance with ยง 99.315(b) materially misrepresents the status of any prior audit finding. This paragraph does not require the auditor to make an additional reporting when the auditor confirms that the fraud was reported outside of the auditor's reports under the direct reporting requirements of GAGAS. (6) Known fraud affecting a Federal award, unless such fraud is otherwise reported as an audit finding in the schedule of findings and questioned costs for Federal awards. (5) The circumstances concerning why the auditor's report on compliance for major programs is other than an unqualified opinion, unless such circumstances are otherwise reported as audit findings in the schedule of findings and questioned costs for Federal awards. However, if the auditor does become aware of questioned costs for a Federal program which is not audited as a major program (e.g., as part of audit follow-up or other audit procedures) and the known questioned costs are greater than $10,000, then the auditor shall report this as an audit finding. Except for audit follow-up, the auditor is not required under this part to perform audit procedures for such a Federal program therefore, the auditor will normally not find questioned costs for a program which is not audited as a major program. (4) Known questioned costs which are greater than $10,000 for a Federal program which is not audited as a major program. In reporting questioned costs, the auditor shall include information to provide proper perspective for judging the prevalence and consequences of the questioned costs. The auditor shall also report known questioned costs when likely questioned costs are greater than $10,000 for a type of compliance requirement for a major program. ![]() In evaluating the effect of questioned costs on the opinion on compliance, the auditor considers the best estimate of total costs questioned (likely questioned costs), not just the questioned costs specifically identified (known questioned costs). Known questioned costs are those specifically identified by the auditor. (3) Known questioned costs which are greater than $10,000 for a type of compliance requirement for a major program. The auditor's determination of whether a noncompliance with the provisions of laws, regulations, contracts, or grant agreements is material for the purpose of reporting an audit finding is in relation to a type of compliance requirement for a major program or an audit objective identified in the compliance supplement. (2) Material noncompliance with the provisions of laws, regulations, contracts, or grant agreements related to a major program. The auditor shall identify reportable conditions which are individually or cumulatively material weaknesses. The auditor's determination of whether a deficiency in internal control is a reportable condition for the purpose of reporting an audit finding is in relation to a type of compliance requirement for a major program or an audit objective identified in the compliance supplement. (1) Reportable conditions in internal control over major programs. The auditor shall report the following as audit findings in a schedule of findings and questioned costs: ![]()
0 Comments
Leave a Reply. |