The Federal Audit Clearinghouse (FAC), as instructed by the Office of Management and Budget, has contacted auditors and auditees of record to inform them that they may use either the June 2019 or August 2019 OMB Compliance Supplement for single audits with reports dated October 31, 2019 or before. Previous guidance from OMB stated the August 2019 OMB Compliance Supplement superseded the June 2019 edition (please refer to our LGCNews e-mail dated September 24, 2019). Audits with reports dated after October 31, 2019 are required to use the August 2019 edition of the supplement. Auditors that have performed or are performing federal single audits for local governments in North Carolina are encouraged to review the Errata page section of the August 2019 edition to see what programs had errors identified in the June 2019 edition of the supplement. Programs listed in the Errata page section commonly audited by North Carolina governmental auditors include programs with CFDA numbers: 10.760, 14.228, 20.205, 84.010, 84.027, and 84.367. Please review your reports, including any that have already been accepted by us, to ensure compliance with the revised requirements as applicable.
If any audit reports already accepted by us need to be revised, then auditors should follow our procedures on submitting reissued reports.
For more information on the FAC e-mails, including related questions and answers (Q&As) regarding the correction edition of the 2019 Supplement, refer to the AICPA Governmental Audit Quality Center website (www.AICPA.org), Audit Risk Alert #390.