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 Detection Overall audit materiality by Compl. program / Monetary or subject to Inherent risk risk (CR) risk of risk of compl. entity nonmonetary require. (IR) 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 Yes M 5% Unallowed B Allowable Costs/Cost Yes M 5% Principles C Cash Management Yes N 5% D RESERVED E Eligibility N/A Tested at – State Region F Equipment & Real No Property Mgmt G Matching, Level of Yes M 5% Effort, Earmark H Period of Yes M 5% Performance Yes N I Procurement & Sus. & 5% Debarment J Program Income No K RESERVED L Reporting Yes N 5% M Subrecipient Yes N 5% Monitoring N Special Tests & Yes N 5% Provisions Local – Program Management Description
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. 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 N/A – Tested at State Region F Equipment & Real Property Mgmt No G Matching, Level of Effort, Earmark Yes M 5% 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 – Local Program Management Description Yes N 5%
UG_FACCR_2016_Medicaid_Cluster_CoJFS_IPAv_Final_Mar2017.docx