Introduction: Materiality by Compliance Requirement Matrix Planning Federal Materiality by Compliance Requirement See Footnotes 1-6 below the matrix table for further explanation, in particular, review note 6 which discusses tailoring the matrix assessments. (1) (2) (6) (6) (3) (4) (5) (5) (6) Direct & If monetary, Overall Federal Applicable material to population Inherent Final control Detection audit risk materiality by per Compl. program / Monetary or subject to risk (IR) risk (CR) risk of of compl. Suppl. entity nonmonetary require. assess. assess. noncompl. noncompl. requirement typically 5% of population subject to Compliance Requirement (Yes or No) (Yes or No) (M/N) (Dollars) (High/Low) (High/Low) (High/Low) (High/Low) requirement A Activities Allowed or Unallowed Yes M 5% B Allowable Costs/Cost Principles Yes M 5% Yes N C Cash Management 5% D RESERVED E Eligibility Yes M/N 5% F Equipment & Real Property Yes (aa) M 5% Mgmt G Matching, Level of Effort, No Per – Earmark ODJFS – Tested at the State Level H Period of Performance Yes M 5% I Procurement & Sus. & Yes N 5% Debarment J Program Income No K RESERVED Yes N L Reporting 5% M Subrecipient Monitoring Yes N 5% N Special Tests & Provisions No Per – Tested at the – State Level (aa) ORC § 329.44 allows for JFS Districts to hold title to real property. Auditors will need to evaluate if the district is holding title to real property and will need to import testing procedures from the UG General boilerplate. Normally if OMB lists a section as n/a it does not apply to the program, however, if specific information comes to your attention (e.g.
Introduction: Materiality by Compliance Requirement Matrix Planning Federal Materiality by Compliance Requirement See Footnotes 1-6 below the matrix table for further explanation, in particular, review note 6 which discusses tailoring the matrix assessments. (1) (2) (6) (6) (3) (4) (5) (5) (6) Compliance Requirement Applicable per Compl. Suppl. Direct & material to program / entity Monetary or nonmonetary If monetary, population subject to require. Inherent risk (IR) assess. Final control risk (CR) assess. Detection risk of noncompl. Overall audit risk of noncompl. Federal materiality by compl. requirement (Yes or No) (Yes or No) (M/N) (Dollars) (High/Low) (High/Low) (High/Low) (High/Low) typically 5% of population subject to requirement A Activities Allowed or Unallowed Yes M 5% B Allowable Costs/Cost Principles Yes M 5% C Cash Management Yes N 5% D RESERVED E Eligibility Yes M/N 5% F Equipment & Real Property Mgmt Yes (aa) M 5% G Matching, Level of Effort, Earmark No – Per ODJFS – Tested at the State Level H Period of Performance Yes M 5% I Procurement & Sus. & Debarment Yes N 5% J Program Income No K RESERVED L Reporting Yes N 5% M Subrecipient Monitoring Yes N 5% N Special Tests & Provisions No – Per – Tested at the State Level (aa) ORC § 329.44 allows for JFS Districts to hold title to real property. Auditors will need to evaluate if the district is holding title to real property and will need to import testing procedures from the UG General boilerplate. Normally if OMB lists a section as n/a it does not apply to the program, however, if specific information comes to your attention (e.g.