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OKLAHOMA DISTRICT ATTORNEYS COUNCIL Victims Services Division STATEMENT OF SUBTRACT AUDIT ARRANGEMENTS Grant Program: Victims of Crime Act (VOCAL)COMPLETE ONLY IF YOU RECEIVE MORE THAN $500,000 IN
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How to fill out statement of subgrant audit

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How to fill out statement of subgrant audit

01
Read the instructions provided by the funding agency and familiarize yourself with the requirements for filling out the statement of subgrant audit.
02
Gather all the necessary financial documents related to the subgrant, including invoices, receipts, and financial statements.
03
Review the subgrant agreement and understand the specific provisions related to the audit.
04
Identify any specific information or supporting documentation that needs to be included in the statement of subgrant audit.
05
Organize the financial information in a clear and logical manner, ensuring that it aligns with the requirements set by the funding agency.
06
Prepare a detailed summary of the subgrant activities and expenditures, providing clear explanations and supporting evidence for any discrepancies or irregularities.
07
Include any necessary certifications or signatures as required by the funding agency.
08
Proofread and review the completed statement of subgrant audit to ensure accuracy and completeness.
09
Submit the statement of subgrant audit to the funding agency within the specified deadline.
10
Keep a copy of the completed statement of subgrant audit and all supporting documentation for future reference and potential audits.

Who needs statement of subgrant audit?

01
Organizations or individuals who have received subgrants from a funding agency.
02
Funding agencies that require subgrant recipients to provide a statement of subgrant audit as part of their financial reporting.
03
Government agencies or regulatory bodies that oversee the distribution of funds and need to ensure compliance and accountability in subgrant management.
04
Auditors or independent accounting firms responsible for conducting audits of subgrant recipients.
05
Donors or stakeholders who want to assess the financial management and accountability of a subgrant program.

What is STATEMENT OF SUBGRANT AUDIT ARRANGEMENTS Form?

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The statement of subgrant audit is a report that assesses the financial transactions and compliance of subgrants received by an organization.
Organizations that receive subgrants and are subject to audit requirements are required to file a statement of subgrant audit.
The statement of subgrant audit is typically filled out by a certified public accountant or audit firm that has expertise in auditing financial statements.
The purpose of the statement of subgrant audit is to provide assurance to the funding agency that the subgrants were used in accordance with the terms and conditions of the grant agreement.
The statement of subgrant audit must report on the financial transactions, compliance with grant regulations, and any findings or recommendations for improvement.
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