OMB Issues Update to 2021 Compliance Supplement

Technical Amendment Offers Single Audit Alternative for Eligible SLFRF Recipients
Jerry Ashworth
April 11, 2022 at 10:43:16 ET
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The Office of Management and Budget (OMB), aiming to reduce the audit burden for both auditors and award recipients, recently released a technical update to language in the 2021 Compliance Supplement and its first subsequent addendum that affects two key COVID-19 relief programs. The amendment is applicable only for fiscal year audits beginning after June 30, 2020, and with report d... Read More