Audit Reporting Requirements

The LSC OIG is currently in the process of revising and updating the Audit Guide for Recipients and Auditors (November 1996) and anticipates having it available for public comment prior to the end of this calendar year.

What reports and financial statements should be included in my submission?
The Audit Reports that should be included in your submission, at a minimum, are as follows:

Financial Statement: Statement of Financial Position
Financial Statement: Statement of Activities (Changes in Net Assets)
Financial Statement: Statement of Functional Expenses
Financial Statement: Statement of Cash Flows
LSC Reporting Requirements: Separate Reporting of LSC Funds
LSC Reporting Requirements: Property Reported Separately from LSC Funds
LSC Reporting Requirements: Separate Disclosure of PAI Expenditures
Opinion on the Financial Statements and Schedule of Federal Awards (A-133,Subpart E, § 505(a))
GAS Reports on Internal Control and Compliance (A-133, Subpart E, § 505(b))
A-133 Reports on Compliance and Internal Control Over Major Programs (A-133, Subpart E, § 505(c))
A-133 Schedule of Federal Awards
A-133 Summary of Findings and Questioned Costs (A-133,Subpart E, § 505(d))
Management Letter(s), if issued.

Please include a table of contents and write the LSC Grant Recipient number on the cover of the audit report.


Where can I find guidance on the form and content of the A-133 audit reports?
Auditors should contact the American Institute of Certified Public Accountants for guidance on the form and content of reports. Sample reports can be found on the AICPA web site: Illustrative Auditor’s Reports Under Circular A-133 – Updated for SAS No. 117. Further guidance can be found in Government Auditing Standards and Circular A-133 Audits - AICPA Audit Guide.


What are some examples of "procedural or administrative items" that should not be included in the 5-day letter?
The regulations marked for inclusion in the 5-day reporting requirement are those related to the practice restrictions and prohibitions created by the 1996 appropriation legislation. For 5-day reporting, the OIG is interested if an IPA finds actual instances of cases or matters that violate those restrictions and prohibitions. The types of findings that should not be reported in a 5-day letter include issues such as absence of policies and procedures required under the regulations, lack of signatures on forms, and similar procedural problems (unless, as a result of the weakness cited, a grantee participated in an actual case or matter that violated the restrictions and prohibitions).


Does the IPA have 5-days to notify the recipient of instances of noncompliance?
The IPA must notify the recipient in writing immediately upon obtaining sufficient competent evidential matter to determine that an instance of noncompliance has occurred (See AG § II-1.H).


When does the 5-day reporting requirement begin?
The recipient's 5-day reporting requirement begins with the receipt of the IPAs report on noncompliance found. In the event the recipient does not report to the OIG within the 5-days of receipt of the IPAs report, the IPA's 5-day reporting requirement begins.


What is the CFDA number for LSC funds?
In lieu of an agency number the Single Audit Clearinghouse has assigned LSC the pseudo code '09'. To create a CFDA number use '09' followed by a period and the 6-digit LSC recipient number. For example, a grantee with an LSC Recipient Number of '757100' would have a CFDA Number = 09.757100.


Is the Data Collection Form (DCF) required by A-133 required for LSC funds?
No, not as far as LSC funds are concerned. If a recipient has other federal funds subject to A-133, the form may be required. However, if LSC is the only source of funds covered by the A-133 audit, the DCF is not required.

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