Statutory Audit Provisions Applicable to Federal Financial Assistance Programs

摘要

Prior studies by GAO point to the need to consolidate the multiple statutory financial audit provisions which impede implementation of a uniform audit approach for federal financial assistance programs. By reviewing authorizing and related legislation affecting 574 federal financial assistance programs, GAO identified 30 statutory audit provisions requiring or allowing for the examination of financial or financial and compliance information. One or more of these provisions affect 86 programs. Seventeen of these provisions assign audit responsibility to the grantee of program assistance; the other 13 generally place the responsibility at the federal level. These provisions vary as to the scope, frequency and the audit standards specified.