( iv ) A schedule out-of conclusions and you can asked prices for new Government system including a list of brand new auditor’s results prior to the Government system inside a design in line with § (d)(1) and you can results and questioned costs similar to the criteria regarding § (d)(3).
( step one ) The fresh audit need to be completed together with revealing necessary for part (c)(2) or (c)(3) regarding the section filed when you look at the earlier out-of 30 diary weeks just after bill of the auditor’s statement(s), otherwise 9 weeks following avoid of your review several months, unless yet another period is actually specified for the an application-particular review publication. Auditees and you can auditors need to ensure that the respective areas of the newest reporting package don’t become protected physically recognizable guidance.
( dos ) Whenever an application-specific audit book is obtainable, the newest auditee need certainly to electronically submit to the new FAC the details collection function waiting prior to § (b), as appropriate in order to a program-specific review, and the revealing required by the application form-certain audit guide.
( 3 ) When a program-specific review guide isn’t offered, the brand new revealing bundle getting a program-particular audit need to incorporate new statement of finance(s) of Government program, a synopsis agenda out-of earlier in the day review conclusions, and you may a restorative action plan due to the fact demonstrated when you look at the section (b)(2) of the point, therefore the auditor’s declaration(s) described within the part (b)(4) associated with section. The information collection function wishing in line with § (b), while the appropriate so you’re able to a program-particular audit, plus one copy of the reporting package must be electronically registered to the FAC.
( 9 ) Most other referenced arrangements of the area unless of course from the arrangements of area payday loans Taylor MI, an application-particular audit guide, or program rules and you can statutes.
§ Auditee commitments.
( an excellent ) Procure if not plan for this new review necessary for which area relative to § , and ensure it’s securely did and you will filed when owed inside the conformity with § .
( c ) Timely followup or take corrective action into audit results, also preparation of a summary schedule away from early in the day review conclusions and you will a restorative action plan prior to § (b) and you will (c), respectively.
( d ) Deliver the auditor which have access to personnel, levels, instructions, information, support paperwork, or any other guidance as needed towards auditor to perform the fresh audit necessary for it region.
§ Auditor options.
( a good ) Auditor procurement. From inside the procuring review services, the auditee need stick to the procurement requirements prescribed of the Procurement Standards inside the §§ as a consequence of off subpart D associated with the area or even the Far (forty-eight CFR area 42), once the applicable. Within the asking for proposals to have review functions, the latest expectations and you can range of audit must be made clear as well as the low-Government organization have to request a duplicate of your audit organizations fellow comment report that auditor must bring around GAGAS. Points to qualify in the contrasting for every single proposal for review characteristics through the responsiveness towards the ask for proposition, relevant feel, supply of staff that have elite certificates and you will technical results, the results out of fellow and external quality-control analysis, and price. Whenever possible, this new auditee have to build positive perform to make use of smaller businesses, minority-had agencies, and you may ladies businesses, inside the procuring review functions as previously mentioned in the § , and/or Much (forty-eight CFR area 42), while the applicable.
( b ) Restriction on auditor planning secondary prices proposals. A keen auditor whom prepares the new indirect costs offer otherwise costs allowance plan may well not even be selected to execute brand new audit needed through this area if indirect costs recovered by the auditee within the past 12 months exceeded $1 million. So it restriction pertains to the base 12 months utilized in the fresh preparation of your own secondary prices suggestion otherwise costs allotment package and any then many years the spot where the ensuing secondary prices arrangement otherwise cost allotment package is used to recoup can cost you.