The Office of Management and Budget (OMB) issued the 2024 Compliance Supplement. This document provides auditors guidance on what to audit within certain federal programs.
As a recipient of federal grants, it’s important to understand the key areas that federal departments are requiring your auditor to test and report on, so consider reviewing portions of the Compliance Supplement related to federal programs at your organization.
Effective Dates
The effective date of the new compliance supplement is for all years beginning after June 30, 2023.
Looking Forward
Additional articles and webcasts may be released as this document is reviewed, so stay up to date by subscribing to our updates.
We’re Here to Help
For more information about how the 2024 Compliance Supplement may affect your organization, contact your Moss Adams professional.
Additional Resources