|Guide Title or Topics
|U.S. Department of Agriculture (Agriculture)
|Rural Utilities Service (RUS), Policy on Audits of RUS Borrowers (7 CFR 1773)
||This regulation implements the standard provisions of the security instrument utilized by RUS for both electric and telecommunications borrowers and by the Rural Telephone Bank (RTB) for its telecommunications borrowers and contains detailed auditor guidance.
The GAQC provided comments to USDA suggesting updates and revisions to this guidance over a year ago. The GAQC is aware that USDA is considering an update. No more specific information is known at this time.
Interim Guidance Issued: On February 7, 2014, the USDA issued a memorandum titled, Clarification of RUS 1773 Audit Requirements, that clarifies the audit requirements for RUS loan and grant recipients under 7 CFR 1773, Policy on Audit of RUS Borrowers (Part 1773).
||Rural Rental Housing Audit Program
||This audit program provides instruction and guidance for independent public accountants in conducting agreed-upon procedures engagements of recipients of Rural Development loans, except for those audits required to be performed in accordance with Office of Management and Budget (OMB) Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations (Circular A-133). This guidance has not been updated since 2005.
||Rural Development Audit Program
||This audit program provides guidance to independent public accountants in conducting financial statement audits of recipients of Rural Development grants, loans, and loan guarantees, except for those audits required to be performed in accordance with Circular A-133. It was issued in September 2013.
||Various other audit documents that can be accessed by clicking here.
||USDA also lists several other audit-related documents on its Web site covering the federal milk marketing order program, audits of multi-state food processors, and the summer food service program for children. Auditors are cautioned that this guidance was issued in the late 1990s and its content has not been updated for current professional standards.
|U.S. Department of Commerce (Commerce)
||Program-Specific Audit Guidelines for Broadband Technology Opportunities Program (BTOP)
||These guidelines cover for-profit entities participating in the BTOP grant program that, among other things, provide access to broadband service to consumers residing in unserved or underserved areas. It requires that a for-profit recipient or for-profit subrecipient that receives a BTOP award exceeding $100,000 have a program-specific audit using these Commerce guidelines. GAQC commented on the original version of this guidance that was issued in 2010. Most recently updated in May 2012. Access a summary that identifies what was changed between the 2010 and 2012 editions of this guidance.
|U.S. Department of Education (Education)
||Various audit and attestation guides for for-profit entities such as proprietary schools, lenders, lender servicers, foreign schools participating in various Education programs, as well as participants in certain programs under the Ensuring Continued Access to Student Loans Act of 2008 (ECASLA).
||The guides for lenders (compliance attestation engagement) and lender servicers (financial statement audit and compliance attestation engagement) were updated in 2011. The GAQC commented on these guides as they were being developed.
Education has been working on potential changes to the attestation guide for proprietary schools for a number of years. Several years ago, the GAQC provided comments to Education on draft revisions to the proprietary schools guide but a final guide was never issued (current version is from 2000).
The GAQC understands that a revision to Foreign Schools Guide is in process (last update 2003).
The ECASLA Guides require agreed-upon-procedures engagements and are more recent than the other Education guides described above.
|U.S. Department of Energy (Energy)
||DOE Audit Guidance for For-Profit Recipients (see also related Frequently Asked Question (FAQ) document that had to be issued after the 2012 edition of the Guide was issued (to clarify certain changes made by Energy))
||This audit program provides requirements and guidance for program compliance audits of for-profit recipients of federal financial assistance from Energy under its Financial Assistance regulations at 10 CFR 600.316. The requirements for financial statement audits of for-profit recipients are not provided for under Regulation 10 CFR 600.316, which applies only to program compliance audits.
GAQC commented on the original version of this guidance which was issued in 2010. The most recent edition of this guidance was issued in April 2012. Upon its release, a number of questions were raised by recipients, the GAQC, and individual auditors surrounding several areas that had been revised (e.g., level of testing needed on internal control, whether audits should be performed by Catalog of Federal Domestic Assistance number or at another level, etc.). As a result, Energy issued a FAQ document to explain the intent behind certain of the changes that were made (i.e., Energy made no revisions to the guidance but will rely on the FAQ to communicate intent).
|U.S. Department of Housing and Urban Development (HUD)
||HUD Consolidated Audit Guide (HUD Guide)
||The HUD Guide is applicable to various types of for-profits that participate in HUD programs (e.g., housing partnerships, banks, credit unions, etc.). HUD’s approach has been to update this guide on a chapter-by-chapter basis. The GAQC has provided comments to HUD on the various chapters of the HUD Guide as HUD has worked to update them.
Because of the extensive nature of the HUD Guide’s applicability, the GAQC has developed an entire section of its Web site (much of which is open to the public) to communicate HUD-related matters. Among other things, the GAQC HUD Resource Center includes information on the HUD Guide (including links to each chapter and when each chapter was last updated) and the latest information the GAQC has on HUD audits covered by the Guide. Access the GAQC HUD Resource Center.
|Legal Services Corporation (LSC)
||Audit Guide for Recipients and Auditors
(Note that this guide was issued in 1996; audit bulletins relating to this guide that have been issued since then can be found in a FAQ document.)
Related Compliance Supplement for Audits of LSC Recipients
|Note that this Guide requires a Yellow Book financial statement audit and a compliance audit performed in accordance with Circular A-133. However, instead of using the OMB Compliance Supplement, the auditor is to use the Compliance Supplement for Audits of LSC Recipients. The OIG office at LSC issued an Advisory titled, Quality Control Reviews, in March of 2015 discussing issues noted in quality control reviews of these engagements performed by LSC.
See June 2012 revision made to the LSC Compliance Supplement.
|U.S. Agency for International Development (USAID)
||Guidelines for Financial Audits Contracted by Foreign Recipients
||Issued in February 2009, these guidelines are to be used by independent auditors in performing recipient-contracted audits required by USAID agreements with non-U.S. (foreign) recipient organizations. USAID agreements with foreign governments and foreign nonprofit organizations require that a recipient-contracted audit be performed annually in accordance with Government Auditing Standards and these guidelines when the recipient expends $300,000 or more in USAID awards in its fiscal year. The financial audit must include a specific audit of all the recipient’s USAID-funded programs and also include an audit of the recipient’s general purpose financial statements on an organization-wide basis if the recipient has been authorized to use provisional indirect cost rates, or if the mission specifically requests such an audit.