1171 - 2024 OMB Compliance Supplement Changes

Each year, the Office of Management and Budget (OMB) issues the 2 C.F.R. Part 200, Appendix XI Compliance Supplement for auditors to follow in determining the compliance requirements that could have a direct and material effect on the programs included in a single audit. The supplement identifies compliance information to help auditors understand each program’s objectives, procedures and requirements, and provides audit objectives and suggested audit procedures for determining compliance (see ¶360 for a detailed discussion of the compliance supplement). The entire supplement can be found on Thompson’s Grants Compliance Expert website under the “Guidance and Regulations” tab.… Read More