Reingruber Alert: The 2021 Single Audit Compliance Supplement is here!

9/1/2021 - By Allison Jones, CPA

OMB Issues 2021 Compliance Supplement

The Compliance Supplement is intended for auditors conducting Single Audits but is also a fantastic resource for auditees as they prepare for a Single Audit
Incorporates changes to the Uniform Guidance that became effective during 2020
Supersedes the 2020 Compliance Supplement Addendum addressing PRF. Auditors will also be required to test out-of-network patient out-of-pocket expenses in conjunction with the Special Test and Provisions compliance requirement
Designates PRF as a high-risk program and thus more likely to be audited as a major program for auditees with multiple federal programs
Testing of reporting under the Federal Funding Accountability and Transparency Act (FFATA) has been expanded to cover more programs
Addenda will be later issued to incorporate more programs funded by the American Rescue Plan Act (ARPA)

Providers will report PRF expenditures and/or lost revenues on their Schedule of Expenditures of Federal Award (SEFA) beginning with fiscal years ending on or after 6/30/21
SEFA reporting is linked to report submissions timeline for the PRF Reporting Portal
PRF expenditures and/or lost revenues will first be subject to Single Audit or program-specific audit beginning with fiscal years ending on or after 6/30/21
Single Audit or program-specific audit will be due 9 months after fiscal year-end

For questions or more information, please contact our Healthcare team, and join our email list!