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) If Direct & monetary, Final Federal Applicable per material to population Inherent control Detection Overall materiality by program / Monetary or subject to risk (IR) risk (CR) risk of audit risk of compl. 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 Principles Yes M 5% C Cash Management Yes N 5% D RESERVED E Eligibility Yes Tested at – Level F Equipment & Real Property Mgmt Yes(aa) M 5% G Matching, of Effort, Earmark Yes Tested at – Level H Period of Performance Yes M 5% No I Procurement & Sus. & Debarment J Program Income No K RESERVED L Reporting Yes N 5% M Subrecipient Monitoring Yes N 5% N Special & Provisions Yes Tested at – Level Normally if OMB lists a section as No it does not apply to the 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, submit a consult in Spiceworks to the FACCR specialty for testing guidance. (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 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 Principles Yes M 5% C Cash Management Yes N 5% D RESERVED E Eligibility Yes – Tested at Level F Equipment & Real Property Mgmt Yes(aa) M 5% G Matching, of Effort, Earmark Yes – Tested at Level H Period of Performance Yes M 5% I Procurement & Sus. & Debarment No J Program Income No K RESERVED L Reporting Yes N 5% M Subrecipient Monitoring Yes N 5% N Special & Provisions Yes – Tested at Level Normally if OMB lists a section as No it does not apply to the 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, submit a consult in Spiceworks to the FACCR specialty for testing guidance. (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.
UG_FACCR_2017_93575_93596_CCBG_CoJFS_Final_IPAv_May2018.docx