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Ffata Reporting Template Form

Ffata Reporting Template Form

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Instructions and help about Ffata Reporting Template

welcome to this Indiana State Board of accounts virtual training session today we are focusing on the requirements of the federal funding accountability and transparency act which is commonly known as fafata my name is Susan Gordon and I work for the state board of accounts and the state agency advisory Services Unit during this session we want to let you know what the reporting requirements are under fafata why it is important and how the requirements will be audited per the OMB compliance supplement the goal is to provide information that will help as you review internal controls and procedures for the fafata reporting requirement and as you plan for the next federal audit so what is the father reporting requirement well under two CFR 170 State agencies receiving federal grants are required to report sub-awards of thirty thousand dollars or more to the fafata sub award reporting system which is shortened to fsrs of course you know there's always an exception and in this case

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