Guidance 501 - The Audit Engagement

(Editor’s note: This tab has been updated to comply 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. Subscribers seeking analysis on awards received prior to that date, as well as subpart F audits, that follow the 2020 version of the uniform guidance should refer to this tab within the attached PDF here.) When an auditee hires an auditor to perform a single audit or program-specific audit (§200.509), the auditor should agree on the terms of engagement… Read More

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Guidance 501 - The Audit Engagement

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