The purpose of the questions and answers document and the illustrative documents linked below is to provide clarifications and working guidance to those participating in Florida Single Audit Act (FSAA) audits. These documents were prepared based on discussions among, and input provided by, staff of the Executive Office of the Governor, Department of Financial Services, and the Auditor General’s Office.
As FSAA audits may be performed in conjunction
with Federal awards audits, and Federal awards audit requirements were revised
effective for fiscal years beginning on or after December 26, 2014, illustrative
documents are provided for combined reports under both the Uniform Guidance
and OMB Circular A-133.
In December 2013, the Office of Management and Budget
(OMB) issued Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform
Guidance). The Uniform Guidance audit requirements are effective for audits
of Federal awards for fiscal years beginning on or after December 26, 2014,
with no early implementation permitted.
Audits of Federal awards for fiscal years beginning prior
to December 26, 2014, are subject to OMB Circular A-133 audit requirements.