Planning Federal Materiality by Compliance Requirement (1) (2) (6) (6) (3) (4) (5) (5) (6) If monetary, Direct & population Applicable per material to Final control subject to Compl. program / Monetary or Inherent risk risk (CR) Detection risk of Overall audit risk Federal materiality by require. Suppl. entity nonmonetary (IR) assess. assess. noncompl. of noncompl. compl. 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% C Cash Management Yes N 5% D Davis-Bacon Act NO E Eligibility NO F Equipment & Real Property Mgmt NO G Matching, Level of Effort, Earmark Yes M 5% H Period of Availability Yes M 5% I Procurement & Sus. & Debarment NO J Program Income NO K Real Property Acq. & Rel. Asst. NO L Reporting Yes N 5% M Subrecipient Monitoring Yes N 5% N Special Tests & Provisions - Yes N 5% Participation of Private School Children N Special Tests & Provisions - Yes N 5% Schoolwide Programs N Special Tests & Provisions - Yes N 5% Assessment of Need (1) Taken from Part 2, Matrix of Compliance Requirements, of the OMB Circular A-133 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. (2) If the Supplement notes a compliance requirement as being applicable to the program in column (1), it still may not apply at a particular entity either because that entity does not have activity subject to that type of compliance requirement, or the activity could not have a material effect on a major program. If the Compliance Supplement indicates that a type of compliance requirement is applicable and the auditor
Planning Federal Materiality by Compliance Requirement (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 Davis-Bacon Act NO E Eligibility NO F Equipment & Real Property Mgmt NO G Matching, Level of Effort, Earmark Yes M 5% H Period of Availability Yes M 5% I Procurement & Sus. & Debarment NO J Program Income NO K Real Property Acq. & Rel. Asst. NO L Reporting Yes N 5% M Subrecipient Monitoring Yes N 5% N Special Tests & Provisions - Participation of Private School Children Yes N 5% N Special Tests & Provisions - Schoolwide Programs Yes N 5% N Special Tests & Provisions - Assessment of Need Yes N 5% (1) Taken from Part 2, Matrix of Compliance Requirements, of the OMB Circular A-133 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. (2) If the Supplement notes a compliance requirement as being applicable to the program in column (1), it still may not apply at a particular entity either because that entity does not have activity subject to that type of compliance requirement, or the activity could not have a material effect on a major program. If the Compliance Supplement indicates that a type of compliance requirement is applicable and the auditor
A133FACCR84367ImprovingTeacher%20Quality2014(non-ARRA)Jul14.docx