Single Audit Deadline Extended to January
The Office of Management and Budget (OMB) announced an extension for recipients to submit their single audit reporting packages. The approval process for the SF-SAC 2013 Data Collection form has been significantly delayed, and therefore OMB extended the reporting deadline.
The new deadline for submitting the required materials to the Federal Audit Clearinghouse is January 31, 2014. This extension applies only to single audits for the fiscal year ending in 2013.
The SF-SAC is the standard data collection form used for Single Audit Act audits. In May, OMB published a notice in the Federal Register soliciting public comments for proposed changes to the form. The form will be automatically approved 30 days following the final publication in the Federal Register. OMB has not indicated when it will be published.
For additional information, visit the Federal Audit Clearinghouse.