A TQA that addresses a single audit matter related on in-relation-to reporting for the Provider Relief Fund.
TQA Section 9160.36
Resource available
The AICPA has issued a new TQA 9160.36, Reporting on the Provider Relief Fund in the Schedule of Expenditures of Federal Awards in Relation to the Financial Statements in a Single Audit, providing nonauthoritative guidance on how auditors can report on a Schedule of Expenditures of Federal Awards (SEFA) in relation to the financial statements when the SEFA includes out-of-period amounts for the Provider Relief Fund (PRF). The TQA provides:
PRF background to explain why out-of-period amounts occur
A conclusion that an auditor can issue an in-relation-to opinion on the SEFA in this scenario only when certain conditions and requirements are met.
Download the TQA 9160.36 full question and answer
File name: tqa-section-9160-36.pdf
What did you think of this?
Every bit of feedback you provide will help us improve your experience
What did you think of this?
Every bit of feedback you provide will help us improve your experience