( iv ) A plan of results and you can questioned prices for the latest Federal system complete with a listing of brand new auditor’s performance prior to the fresh new Federal system within the a format in keeping with § (d)(1) and results and expected can cost you similar to the conditions of § (d)(3).
( step one ) The new audit have to be complete additionally the revealing required by section (c)(2) otherwise (c)(3) of this area submitted during the prior to out of 31 calendar weeks after bill of your auditor’s declaration(s), or 9 weeks following prevent of the audit period, except if an alternative months are specified in a program-specific audit publication. Auditees and you can auditors must ensure one the respective elements of the newest revealing plan don’t tend to be protected directly recognizable suggestions.
( 2 ) When a course-certain audit guide exists, the brand new auditee need digitally submit to the fresh FAC the content range setting prepared in accordance with § (b), just like the relevant in order to a program-certain audit, in addition to reporting required by the program-particular audit publication.
( step 3 ) Whenever a program-specific review publication is not available, the new revealing bundle having an application-particular audit need to incorporate the fresh financial statement(s) of the Federal program, a summary agenda away from early in the day review conclusions, and you will a corrective action plan because the demonstrated inside the paragraph (b)(2) associated with section, therefore the auditor’s report(s) demonstrated within the part (b)(4) with the section. The data collection means prepared according to § (b), while the appropriate to help you a program-certain audit, and another backup for the revealing plan have to be digitally registered to the FAC.
( nine ) Most other referenced arrangements from the region except if against the arrangements of area, a program-specific review book, otherwise program laws and you can laws.
§ Auditee commitments.
( a great ) Procure otherwise policy for the brand new review necessary for this area according to § , and ensure it’s properly did and submitted whenever owed in the conformity that have § .
( c ) On time followup or take corrective step into the review results, and thinking regarding an overview plan of earlier in the day audit findings and you may a corrective plan according to § (b) and you can (c), respectively.
( d ) Deliver the auditor that have accessibility professionals, levels, instructions, suggestions, supporting documentation, or other recommendations as required for the auditor to do the newest review required by so it region.
§ Auditor choice.
( good ) Auditor procurement. Inside the procuring review characteristics, new auditee need certainly to stick to https://onlineloanslouisiana.net/cities/vidalia/ the procurement standards given by the Procurement Criteria during the §§ by way of regarding subpart D with the part or even the Much (48 CFR area 42), while the relevant. From inside the requesting proposals getting audit qualities, new expectations and you can range of your audit must be explained and the non-Federal entity have to request a copy of your own review businesses peer comment statement that your auditor is needed to render around GAGAS. What to qualify during the comparing for each and every suggestion to own audit features are the responsiveness with the obtain suggestion, relevant feel, availability of staff having elite group certification and you may technology abilities, the outcome regarding peer and exterior quality control critiques, and you can rates. Whenever you can, the auditee must create self-confident operate to make use of small enterprises, minority-possessed providers, and you can ladies businesses, when you look at the procuring audit services as stated for the § , or perhaps the Much (forty eight CFR region 42), because the appropriate.
( b ) Restrict towards auditor preparing indirect cost proposals. An auditor who makes the fresh new indirect pricing suggestion or prices allowance package might not even be picked to execute this new audit needed through this area if indirect will set you back recovered from the auditee inside the early in the day season exceeded $one million. It maximum applies to the base seasons included in the latest planning of your own indirect cost offer or rates allowance bundle and you may people subsequent years in which the resulting secondary cost contract otherwise costs allowance plan is employed to recover will cost you.