Why did the Office of Management and Budget (OMB) and the Federal Audit Clearinghouse (FAC) remove the Form SF-SAC for audits with 1997-2001 fiscal year end dates?
A- The volume of receipts for audits with fiscal year end dates 1997-2001 is less than 40 submissions per year; therefore, the electronic processing system was shut down. Audit reports are still required to be submitted to the FAC for distribution to the Federal cognizant or oversight agency and a copy will be added to the FAC single audit archive.
Related Questions
- Our system does not allow for splitting race and ethnicity as recommended by the Office of Management and Budget (OMB) 1997 revisions. How can we capture and report both these components?
- Why did the Office of Management and Budget (OMB) and the Federal Audit Clearinghouse (FAC) remove the Form SF-SAC for audits with 1997-2001 fiscal year end dates?
- Do the Federal Acquisition Regulation 52.204-11 Office of Management and Budget guidance memos have differing requirements?
