ED OIG OFFERS CLARIFICATION ON SINGLE AUDIT SUBMISSION REQUIREMENTS

Some people still don’t seem to understand the 2018 guidance for submitting Single Audit to ED. Simply stated, if you are a submitting an audit for a public or private non-profit institution, you must submit a single audit each year. This is true whether your school’s Student Financial Aid Cluster was audited as a major program or not. If you submit a single audit that includes the SFA Cluster as a major program, you must notify the ED School Participation Division in your region of any low-risk designation beginning with fiscal year 2019.