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1 [1] (April 7, 2025)

handle is hein.crs/sgtefladt0001 and id is 1 raw text is: Congressional Research Service Informing the legislative debate since 1914 April 7, 2025 Searching the Federal Audit Clearinghouse: A Brief Guide The Single Audit Act of 1984 (SAA), as amended by P.L. 104-156, was enacted to promote sound financial management, establish uniform requirements for grantee audits, and reduce the audit burden on grantees. SAA requires the Director of the Office of Management and Budget (OMB) to designate a searchable and publicly available federal clearinghouse to receive copies of all audit reports required of federal grantees-the Federal Audit Clearinghouse (FAC). The threshold for audits under the SAA is established by OMB and currently applies to nonfederal entities that expend $1 million or more in federal awards from all federal sources in a single fiscal year. The audits found in the FAC can assist stakeholders in conducting oversight of federal grant funds, including identifying trends in financial mismanagement, assessing financial management activities of grant recipients, and tracking types of grant management deficiencies. How to search the Federal Audit Clearinghouse (FAC) Go to www. fac.gov. Click the Search for auditstextbox. Fields include: • Unique Employer Identifier (UEI) or Fill out search criteria. Employer Indentification Number (EIN) • Entity, Auditee, or Auditor name Select the relevant audit. • FAC acceptance date, state, entity type, Download and review the audit files. and report ID About the audit files Each audit result comes with two files for download: Single audit report and SF-SAC. * Single audit report is a PDF file that contains information about the applicant/recipient. * SF-AC is an Excel file that contains financial information including amounts obligated, expended, and awarded. SF-SAC files often include the the tabs below. However, even if present, tabs may not contain any information in some audits. finding Y/N coded audit results applicable to different findings types. findingtext Text summary of findings. federalaward Refers to applicable federal award granted. captext Details corrective action plan. FAC data issues Issues with FAC data range from being difficult to access to being incomplete or innacurate. Data Accessibility • Audits are only available by audit year in search function. • Audits cannot be searched by award number. • Audits of subgrantees are included in primary grantee audits. • Data cannot be viewed directly on the website and is only available in downloadable files. Data Quality • Reporting is ofa snapshot nature, irregular, and often delayed. • Audit status and other information may be inaccurate or outdated. • Excel files may be incomplete. • Structure and terms lack standardization and are unclear. https://crsreports.cong ress.go'

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