Clifton Gunderson LLP - A nationwide firm of Certified Public Accountants and Consultants

August 2011

Posted August 12, 2011

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In this issue:

SSAE 16 Replaces SAS 70 for Reporting on Controls at Service Organizations

Guidance for reporting on controls at service organizations is changing, and organizations in the public and private sectors are making adjustments to accommodate the new standard.

What You Should Know About Reporting Under FFATA

Since Oct. 1, 2010, some recipients of federal grants, awards and contracts must meet specific reporting requirements under the Federal Funding Accountability and Transparency Act (FFATA). Surprisingly, many recipients are not filing these reports, which sets them up for some compliance headaches down the road.

How to Avoid Single Audit Findings Over Salaries and Wages

The federal government wants to know that it's getting its money's worth. But many governments that accept federal grants don't realize or fully understand all of the requirements surrounding the allocation of salaries and wages to federal grants.