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I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I. <br />I <br /> <br />regulations and ensu?e that prompt and appropriate correctly <br />action ts taken on Instances of material noncompliance with thos <br />laws and regulations. <br /> <br />Comment: Senator Durenberger'$ commentary on the Act states fha <br />"...the intent is not to require the auditors for the recipient t <br /> <br />audit any of the subreciptent's <br />to review and report on the <br />subreciptent expenditures". <br /> <br />expenditures but to require auditor <br />recipients' procedures to monito <br /> <br />CORRECIIVE ACTION PLANS <br /> <br />~hen a single audit discloses material noncompliance or weaknesse <br />In internal controls,, the 9overnment must submit to approprtat <br />federal agencies s corrective action plan to eliminate the problems <br />or must submit a statement as to why no corrective action ts deeme <br />necessary. <br /> <br />OTHER AUDITS <br /> <br />An audit conducted in accordance with the Act is to be In lieu <br />any financial and _compliance audit of an individual federal assi <br />tance program required under any other federal law or regulation <br />Nevertheless, the Act does not prohibit any federal agency fz <br />conducting any .additional audits of programs whlch are necessary <br /> <br /> <br />