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Federal Awards Compliance Audit Guidance and Testing NAME OF CLIENT:YEAR ENDED: June 30, 2016FEDERAL AWARD NAME: Career and Technical Education Basic Grants to States (Perkins IV) CODA#: #84.048This
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What is Federal Awards Compliance Audit Guidance and Testing Form?

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Federal awards compliance audit is an audit conducted to ensure that organizations receiving federal funding are in compliance with regulations and guidelines set by the federal government.
Organizations that receive federal funding and meet certain threshold criteria are required to file federal awards compliance audit.
To fill out federal awards compliance audit, organizations must gather all necessary documentation related to their federal funding and expenses, and follow the guidelines provided by the federal awarding agency.
The purpose of federal awards compliance audit is to ensure transparency and accountability in the use of federal funds, and to prevent fraud, waste, and abuse.
Information such as financial statements, compliance with federal regulations, and details of federal funding expenditures must be reported on federal awards compliance audit.
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