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, Federal Applicable per material to population Final control Overall audit materiality by Compl. program / Monetary or subject to Inherent risk risk (CR) Detection risk risk of Suppl. entity nonmonetary require. (IR) assess. assess. of 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 Yes M 5% Unallowed B Allowable Yes M 5% Principles C Cash Management Yes N 5% D RESERVED E Eligibility No F Equipment & Real Yes M 5% Property Mgmt G Matching, of Yes M 5% Effort, Earmark Yes M H Period of Performance 5% I Procurement & Sus. & No (aa) See Debarment below J Program Income No K RESERVED L Reporting Yes N 5% Yes N M Subrecipient 5% Monitoring N Special Tests & No Provisions (aa) Normally this does not apply to this program. However, if specific information comes to your attention (e.g. during the normal review of the grant agreement or discussions with management) that provides evidence that a compliance requirement could have a material effect on a major program; you would be expected to test the requirement. This circumstance should arise infrequently. If it is deemed material, pull the testing procedures from the General Boilerplate FACCR.
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 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 Principles Yes M 5% C Cash Management Yes N 5% D RESERVED E Eligibility No F Equipment & Real Property Mgmt Yes M 5% G Matching, of Effort, Earmark Yes M 5% H Period of Performance Yes M 5% I Procurement & Sus. & Debarment No (aa) See below J Program Income No K RESERVED L Reporting Yes N 5% M Subrecipient Monitoring Yes N 5% N Special Tests & Provisions No (aa) Normally this does not apply to this program. However, if specific information comes to your attention (e.g. during the normal review of the grant agreement or discussions with management) that provides evidence that a compliance requirement could have a material effect on a major program; you would be expected to test the requirement. This circumstance should arise infrequently. If it is deemed material, pull the testing procedures from the General Boilerplate FACCR.
UG_FACCR_2016_93659_Adoption_Assist_CoJFS_IPAv_Final.Apr2017.docx