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 material to population Inherent control Detection Overall materiality by per program / Monetary or subject to risk (IR) risk (CR) risk of audit risk 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 M 5% B Allowable Costs/Cost Principles M 5% C Cash Management N 5% D RESERVED E Eligibility M/N 5% F Equipment & Real Property Mgmt M 5% G Matching, Level of Effort, Earmark M 5% H Period of Availability (Performance) M 5% I Procurement & Sus. & Debarment N 5% J Program Income M 5% K RESERVED L Reporting N 5% M Subrecipient Monitoring N 5% N Special Tests & Provisions - N 5% Participation of Private School Children N Special Tests & Provisions (Provide N 5% an assessment for each) (1) Taken form Part 2, Matrix of Compliance Requirements, of the OMB Compliance Supplement ( ). When Part 2 of the Compliance Supplement indicates that a type of compliance requirement is not applicable, the remaining assessments for the compliance requirement are not applicable.
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 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 M 5% B Allowable Costs/Cost Principles M 5% C Cash Management N 5% D RESERVED E Eligibility M/N 5% F Equipment & Real Property Mgmt M 5% G Matching, Level of Effort, Earmark M 5% H Period of Availability (Performance) M 5% I Procurement & Sus. & Debarment N 5% J Program Income M 5% K RESERVED L Reporting N 5% M Subrecipient Monitoring N 5% N Special Tests & Provisions - Participation of Private School Children N 5% N Special Tests & Provisions (Provide an assessment for each) N 5% (1) Taken form Part 2, Matrix of Compliance Requirements, of the OMB Compliance Supplement ( ). When Part 2 of the Compliance Supplement indicates that a type of compliance requirement is not applicable, the remaining assessments for the compliance requirement are not applicable.
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