Audits: Reports and Resolution
This module identifies the new audit requirements codified in the Uniform Guidance and the DOL exceptions.
The module explains the Single Audit’s purpose, process and timing requirements, and the reports and schedules contained in the audit report. It identifies the auditee’s responsibilities for complying with these requirements. The module explains the audit resolution responsibilities of recipients and pass-through entities, including the issuance of a management decision and pursuit of debt collection. It also covers the audit resolution process between DOL and its direct grant recipients. The presentation explains the appeals and debt collection process, along with the cooperative audit resolution process addressed in DOL’s exceptions to the Uniform Guidance.
SMART - Strategies of sound grants management that comprises: Monitoring, Accountability, Risk Mitigation and Transparency which are found in the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards 2 CFR Part 200 and 2 CFR 2900.
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