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What Need to Knowhttpsodh Ohio Gov  Form

What Need to Knowhttpsodh Ohio Gov Form

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you for watching this is web training on single audit requirements many federal financial assistance programs fall under the single audit Act this means that if the expenses of a federal financial assistance program brings you a total of expense Federal funding to 750 000 or above for your fiscal year you are required to complete a single audit the key is that you must have expensed seven hundred and fifty thousand dollars or more of federal funding to trigger the single audit requirement if your total of expense federal funds is not above 750 000 you are not required to complete the audit and therefore do not need to watch this web training this program is required to follow the uniform guidance regulation 200.303 you must establish and maintain effective internal control over the federal award that provides reasonable assurance that your entity is managing the federal award in compliance with Federal statutes regulations and the terms and conditions of the federal award you must take

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