Summary Schedule of Prior Audit Findings definition

Summary Schedule of Prior Audit Findings means a schedule that reports the status of any audit findings included in the prior audit’s schedule of findings and questioned costs relating to State financial assistance. The summary schedule shall also include audit findings reported in the prior audit’s summary schedule of prior audit findings except audit findings listed as corrected or no longer valid or not warranting further action. The schedule shall include the audit finding reference number required by Rule 10.557(4)(b)7.
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Examples of Summary Schedule of Prior Audit Findings in a sentence

  • This filing should occur at the same time as the audit reporting package is filed.• Summary Schedule of Prior Audit Findings: The state grant recipient under audit is required to report on the status of its prior year audit findings in regard to both its state award programs and its financial statements.

  • Auditors should evaluate whether the audited entity has taken appropriate corrective action and prepare a Summary Schedule of Prior Audit Findings (SSPAF) to address findings and recommendations from previous engagements that could have a material effect on the financial statements as per 2 CFR 200.511.

  • The current year’s State Single Audit Reporting Package included a Summary Schedule of Prior Audit Findings describing the status of the audit findings from the prior year that affected the entity’s state financial assistance programs but the status of the audit findings from the prior year that affected the entity’s financial statements is not described.

  • Summary Schedule of Prior Audit Findings • The prior year’s State Single Audit Report disclosed several significant deficiencies and reportable instances of noncompliance affecting major state programs and several significant deficiencies and reportable instances of noncompliance affecting the entity’s financial statements.

  • The current year’s State Single Audit Report did not include a Summary Schedule of Prior Audit Findings describing the status of the prior year finding.

  • Summary Schedule of Prior Audit Findings • The prior year’s State Single Audit Report disclosed a significant deficiency or reportable instance of noncompliance regarding a major state program.

  • Instances where the results of audit follow-up procedures disclosed that the Summary Schedule of Prior Audit Findings (SSPAF) prepared by the auditee in accordance with §200.511(b) misrepresents the status of any prior audit finding.

  • In fulfilling this responsibility, the recipient must prepare a Summary Schedule of Prior Audit Findings.

  • E-27 SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS Summary Schedule of Prior Audit Findings ..........................................................................

  • A Summary Schedule of Prior Audit Findings prepared by the district.

Related to Summary Schedule of Prior Audit Findings

  • Schedule of compliance means a schedule of remedial measures included in a permit, including an enforceable sequence of interim requirements (for example, actions, operations, or milestone events) leading to compliance with the Act, the CWA and regulations.

  • Schedule of Prices means the completed price schedule or any part or individual schedule thereof, submitted by the Contractor with his Bid and forming a part of the Contract documents.

  • Conversion Schedule means the Conversion Schedule in the form of Schedule 1 attached hereto.

  • Policy Schedule means a schedule attached to these Terms and Benefits, which sets out, among others, the Policy Effective Date, Renewal Date, the name and the relevant particulars of the Policy Holder and the Insured Person, the eligible benefits, premium and other relevant details in respect of these Terms and Benefits.

  • Schedule of Rates means the priced Schedule of Rates forming part of the tender [where applicable].

  • Schedule of Fees means the published note of the School's prevailing fees notified to you from time to time and a copy of which remains available on the School's website and from the School at any time upon request;

  • Implementation Schedule means the Implementation Schedule in Section VII of the tendering documents.

  • Schedule means a schedule to this Agreement.

  • Shift Schedule means a projection of all employees' shifts at a location with regard to days worked and days off, including shift starting and terminating times.

  • Draft Closing Statement means a draft closing statement, prepared by Seller, as of the close of business of the third (3rd) business day preceding the Closing Date setting forth an estimated calculation of both the Purchase Price and the Estimated Payment Amount.

  • Construction Schedule means a construction schedule indicating the planned start and completion dates of the major activities of the Work as set out in Appendix [ ], a future Appendix;

  • Schedule of Benefits means the section of this policy which shows, among other things, the Eligibility Requirements, Eligibility Waiting Period, Elimination Period, Amount of Insurance, Minimum Benefit, and Maximum Benefit Period.

  • Progress Schedule means a schedule of the Work, in a form satisfactory to Owner, as further set forth in Section 3.02.

  • Special Contract Attachments means any attachment to this Contract.