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Federal Awards Compliance Audit Guidance and Testing NAME OF CLIENT:YEAR ENDED: 2018FEDERAL AWARD NAME: Capitalization Grants for Clean Water State Revolving Funds CODA#: 66.458This File has been
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The OMB Compliance Supplement is a document issued by the Office of Management and Budget that provides guidance to auditors and organizations regarding compliance requirements for federal awards.
Entities that receive and administer federal awards are required to file the OMB Compliance Supplement, including state and local governments, universities, and non-profit organizations.
To fill out the OMB Compliance Supplement, organizations must gather relevant information about their federal awards, follow the instructions provided in the supplement, and complete sections detailing compliance requirements and findings.
The purpose of the OMB Compliance Supplement is to ensure that organizations follow federal regulations and guidelines in managing federal funds and to assist auditors in evaluating compliance.
Organizations must report information such as details of federal awards, compliance requirements, findings from audits, and corrective actions taken.
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