| ID | Status | Date | Public/Private | Industry | AHACPA Contact |
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| #7719 | Closed | public | Multifamily | Les Sparks |
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I just want to confirm that a not for profit entity who received a $800,000 Section 202 capital advance back in 2006 would be audited under the Uniform Guidance as opposed to OMB A-133. The reason being the terms of the agreement are continual and relevant to each current year under audit. Is this correct? |
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From Les Sparks: If the amount is over $750k, then an audit conducted under Subpart F of Uniform Guidance is required. Now whether the client is themselves subject to certain Uniform Guidance is requirements is up in the air, However, there are so few real changes affecting the client that there is no reason to no just adopt Uniform Guidance. I would do it for the relaxed purchasing requirements if nothing else. The revised cost rules under Subpart E are not that relevant as the original Regulatory Agreement requirement of reasonable and necessary remains the same. All audits performed for year ends ending after 12/15/2015 must be conducted under Uniform Guidance. |