Guidance 210 - Single Audit Act Amendments of 1996 and the Uniform Grant Guidance

Many members of the federal grants and audit communities agree that the Single Audit Act of 1984 was the initial linchpin to improve financial management and avoid duplication of audit efforts. But during the years following the act’s passage, the Government Accountability Office, President’s Council on Integrity and Efficiency (now the Council of the Inspectors General on Integrity and Efficiency) and National State Auditors Association studied the act’s effectiveness. All three organizations recommended changes addressing the threshold for triggering a single audit requirement, major program determination and other issues that had been debated when Congress considered the… Read More