Guidance 340 - Agency and Entity Roles

(Editor’s note: This tab complies with the 2024 revisions to the uniform guidance — applicable for awards issued on or after Oct. 1, 2024, for subparts A-E. The subpart F requirements in the 2024 revisions will apply to single audits and program-specific audits with auditee fiscal years beginning Oct. 1, 2024.) Federal agencies have their own particular roles and responsibilities in the single audit process. The Single Audit Act Amendments of 1996 and subpart F of the Office of Management and Budget’s (OMB) uniform guidance assigns responsibilities to the: cognizant agency for audit; oversight agency for audit; federal awarding agency; Federal Audit Clearinghouse… Read More