On March 29, 2018, the Department issued an announcement concerning Single Audits performed under 2 CFR Part 200 - OMB Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards for fiscal years ending in 2018. This guidance serves to update Single Audit filers of audit submission requirements for fiscal years ending within calendar year 2019 and future fiscal years.
Public and non-profit institutions participating in the Title IV programs that submit a Single Audit that does not include the Student Financial Assistance Cluster as a major program are not required to notify their respective School Participation Division of any low-risk designation for fiscal years ending within calendar year 2019 and future fiscal years.
Reminder: Institutions must still submit (via the Department’s eZ-Audit system) their complete Single Audit each year by the due date regardless of whether the Student Financial Assistance Cluster was audited as a major program.
The Department continues to review issues related to the frequency and sufficiency of the annual audit submissions and will issue further guidance as needed.
If you have any questions about audit submission, please contact Patrice Fleming, Performance Improvement and Procedures Service Group at (202) 377-4209 or via email at Patrice.Fleming@ed.gov for additional information.
