3027 Audits of Area Agencies on Aging and Service Provider Organizations | ADMINISTRATION-5600-MANUAL
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Georgia Division of Aging Services |
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Chapter: |
3000 Area Agency on Aging (AAA) Administration |
Effective Date: |
11/28/2022 |
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Section Title: |
Audits of Area Agencies on Aging and Service Provider Organizations |
Reviewed or Updated in: |
MT 2023-02 |
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Section Number: |
3027 |
Previous Update: |
MT 2014-02 |
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Summary Statement
All AAAs and service providers (government and non-proprietary organizations) expending more than $750,000 in federal funds per year shall be audited according to the provisions of 2 CFR Part 200, Subpart F, entitled Audit Requirements.
All AAAs and service providers expending $750,000 in federal funds and/or $100,000 in state funds during their accounting year agree to have an entity-wide audit conducted for that year in accordance with Generally Accepted Auditing Standards issued by the American Institute of Certified Public Accountants.
Contractors expending at least $25,000 but less than $100,000 in Federal/State funds during their accounting year agree to prepare unaudited entity-wide financial statements for that year. Assertions concerning the basis of financial statement preparation must be made by the president or other corporate official.
Refer to DHS POL 1902, External Entities Audit Standards and Sanctions for more information.
Background
The Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards supersedes requirements from OMB Circulars A-21, A-87, A-110, and A-122, A-89, A-102, A133 and A-50.
Independent Audit
Regional Commissions (RC) housing area agencies on aging, and freestanding, private non-profit organizations designated as area agencies on aging, are subject to standards for financial and compliance audits contained in the Standards for Audit of Governmental Organizations, Programs, Activities and Functions, issued by the U.S. General Accounting Office; the Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.
The audit shall cover the entire organization and shall be conducted in accordance with generally accepted auditing standards. Additionally, audits shall be conducted in accordance with any other audit guidelines or requirements promulgated by the Department of Human Services (DHS).
The RC/AAA shall provide and furnish DHS with an annual audit by an independent certified public accounting firm in accordance with 2 CFR 200, Subpart F within 30 calendar days following receipt of such audit, but in no case more than 180 days following the end of the agency’s fiscal year end.
AAAs shall require all subcontractors to adhere to this section, relating to requirements for independent audit in accordance with 2 CFR 200, Subpart F and/or DHS POL 1902.