Major Program Determination
The form that is necessary to start to complete the Major Program Determination?
What is, doesn't Andrew and Cassandra do that?
The samples for activities allowed and allowable costs are made from this client prepared document.
What is a WEBI report? (Except WSDOT apparently)
This document provides detailed guidance on the audit requirements for federal programs, including objectives, procedures, and compliance requirements.
What is SharePoint?
This spreadsheet is used to document the populations and sample sizes used in single audit testing.
What is a fitted sheet?
This compliance requirement will vary and will be unique to each program. An example is Wage Rate Requirements.
What is pick 6?
The names of the two types that programs can be categorized if they exceed the note thresholds on the Major Program Determination.
What is a lot of money and a little money?
This compliance requirement is usually tested with allowable costs and activities allowed.
Whatever areas the supervisor makes up?
These are the main Cherry Bekaert forms for single audit testing.
Who is Cherry Bekaert?
This form is used to evaluate direct and material compliance requirements and entity-level and federal control activities.
What is the SEFA?
Testing for this compliance requirement includes determining whether goods and services were properly procured.
What is The Great British Bake Off?
The name of a group of related programs that are treated as a single program for audit purposes.
What are Nerds Clusters?
Testing for allowable costs and activities allowed is typically divided between these two types of transactions.
What they spend and what they pretend to spend?
These two states have their own compliance supplements and requirements in addition to the federal compliance supplement.
What is Type A and Type B?
The listing of expenditures for a program is compared to this client prepared document to determine if a complete population is provided.
What is, WE HAVE TO WAIT UNTIL SEPTEMBER??
This compliance requirement involves evaluating the accuracy and completeness of financial reports submitted by an entity.
What is immaterial?
The name of the workpaper that details when a program was last audited?
What is the prior year's TeamMate file?
This document should be checked in addition to the compliance supplement to determine the attributes for allowable costs and activities testing.
What is the NOA? (New Zealand English)
This schedule is a key component of single audits, detailing the federal awards expended by an entity during the audit period.
What is our work schedule?
A compliance requirement is required for the program in the compliance supplement and is applicable to the client, it is determined to be _________.
What is the same as last year?
DOUBLE JEOPARDY!!
This requirement involves testing transactions related to the disbursement of federal funds, specifically focusing on advance payments and reimbursements.
What is entity's need to figure out what true reimbursements are?
The threshold of federal expenditures that requires a single audit to be performed.
Whoever asks for the most money?
Errors that are found during testing that relates to expenditures charged to the grant that were unallowable or unsupported, requiring further review and resolution.
What is Fraud?
This process involves evaluating the effectiveness of an entity's policies and procedures to ensure the proper management and safeguarding of federal funds.
What is going back and forth with the auditee?
There is only one control from a program, the control is determined to have this type of significance.
This compliance requirement is only tested if required by the compliance supplement and the entity being audited passed funding to another government or organization.
What is "But I don't wanna check on them :("?