Major Program Determination
What is the form that is necessary to start to complete the Major Program Determination?
The Schedule of Expenditures of Federal Awards (SEFA).
The samples for activities allowed and allowable costs are made from this client prepared document.
Expenditure Detail
This document provides detailed guidance on the audit requirements for federal programs, including objectives, procedures, and compliance requirements.
Federal Compliance Supplement
This tab on the .20 is used to document the populations and sample sizes used in single audit testing.
Documentation of Sample Sizes
This compliance requirement will vary and will be unique to each program. An example is Wage Rate Requirements.
Special Tests
What are the names of the two types that programs can be categorized as if they exceed the note thresholds on the MPD?
Type A and Type B
This compliance requirement is usually tested with allowable costs and activities allowed.
Period of Performance
These are the main Cherry Bekaert forms for single audit testing.
3XXX.05 (Major Program Planning and Control Matrix) and 3XXX.20 (Compliance and Control Testing)
This form is used to evaluate direct and material compliance requirements and entity-level and federal control activities.
Testing for this compliance requirement includes determining whether goods and services were properly procured.
Procurement
What is the name of a group of related programs that are treated as a single program for audit purposes?
Clusters
Testing for allowable costs and activities allowed is typically divided between these two types of transactions.
Payroll and Non-Payroll
These two states have their own compliance supplements and requirements in addition to the federal compliance supplement.
Florida and North Carolina
The listing of expenditures for a program is compared to this client prepared document to determine if a complete population is provided.
SEFA/SEFSA
This compliance requirement involves evaluating the accuracy and completeness of financial reports submitted by an entity.
Reporting
What is the name of the workpaper that details when a program was last audited?
Major Program Tracking
This document should be checked in addition to the compliance supplement to determine the attributes for allowable costs and activities testing.
Grant Agreement
This schedule is a key component of single audits, detailing the federal awards expended by an entity during the audit period.
SEFA
If a compliance requirement is required for the program in the compliance supplement and is applicable to the client, it is determined to be __________.
Direct and Material
DOUBLE JEOPARDY!!
This requirement involves testing transactions related to the disbursement of federal funds, specifically focusing on advance payments and reimbursements.
Cash Management
What is the threshold of federal/state expenditures that requires a single audit to be performed?
750,000 ($1M starting 9/30/2025)
If errors are found during testing that relates to expenditures charged to the grant that were unallowable or unsupported, requiring further review and resolution, they are called ________.
Questioned Costs
This process involves evaluating the effectiveness of an entity's policies and procedures to ensure the proper management and safeguarding of federal funds.
Internal Control Testing
If there is only one control from a program, the control is determined to have this type of significance.
Very Significant
This compliance requirement is only tested if required by the compliance supplement and the entity being audited passed funding to another government or organization.
Subrecipient Monitroing