OMB Asks for Comments on Proposed Changes to Audit Form - September 22, 2003 Vol. 4 No. 19

September 22, 2003 Vol. 4 No. 19:

Published: 09/22/2003

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OMB Asks for Comments on Proposed Changes to Audit Form

Nonprofits that get federal grants have an opportunity to suggest ways audit forms can be streamlined for reports auditors make to them and reports grantees must submit to the federal government. A Federal Register notice invites comments on changes proposed for current audit forms, including the SF-SAC and single audit reporting packages. Comments are due on or before October 14.

The changes proposed by the Office of Management and Budget (OMB) include adding DUNS numbers for identification purposes, giving auditors more options for categorizing their conclusions and eliminating some data elements. The proposed new SF-SAC form and instructions are included in the announcement.

The Federal Audit Clearinghouse uses the information in audit forms to make sure audit reports reach the right officials and identify grantees that need to file reports and have not done so. The information is available to the general public on the Internet at http://haverster.cnesus.gov/sac/.