2016 Supplement Adds Option For Early Low-Risk Program Review

The Office of Management and Budget’s (OMB’s) 2016 2 C.F.R. 200, Appendix XI Compliance Supplement allows auditors to audit low-risk Type A programs as major programs over the next two years to avoid the potential burden of auditing an increased number of such programs as major programs in 2018, and in the subsequent three-year cycles. This option is discussed in Appendix VII of the... Read More