The Uniform Guidance Rules issued on December 26, 2014 made it even more critical for federal program administrators to maintain proper internal controls when implementing a federal program. Failure to do so could result in compliance issues and identified deficiencies if a single audit is ever required.
When considering what your organization can do to help track its federal programs and ensure the proper internal controls are in place, it’s helpful to know the common deficiencies organizations run into. Below is a list of some of the more common deficiencies found during single audits as well as general recommendations for what organizations can do to help prevent them.
Allowable Cost Deficiencies:
Reporting/Fiscal Management Deficiencies:
Internal Control Deficiencies (General):
In addition to avoiding these common deficiencies, there are several things your organization can do to track federal programs and set the stage for any future single audits of these programs under the Uniform Guidance. Below is a list of tips you can use to assist your organization in the tracking of these programs, from an auditor’s perspective.
Implementing these practices will help an organization comply with the Uniform Guidance.
If you have any questions about the Uniform Guidance or single audits, reach out to Melissa Johnson at firstname.lastname@example.org or (651) 407-5896
Melissa Johnson is a manager at Redpath and Company, where she specializes in the government/not-for-profit audit and accounting services area. Melissa has over 15 years of experience working with federal awards for governmental, not-for-profit, and commercial organizations. Melissa has four years of experience in governmental single audits and is a holder of the Advanced Single Audit Certificate issued by the AICPA. Additionally, she has also provided single audit training at the MNCPA Audits of Local Governments Conference. Prior to joining the Redpath and Company team, Melissa worked with the Defense Contract Audit Agency providing contract audit services to various governmental agencies. Melissa has served as a committee member for the National Seminar for Government Contracts and has provided training on federal compliance requirements, application of cost accounting standards, and internal control requirements necessary to administer federal contracts.More posts by Melissa Johnson