OMB Addresses COVID-19’s Effect on Single Audits - a podcast by Pennsylvania Institute of Certified Public Accountants

On March 19, the Office of Management and Budget released Administrative Relief for Recipients and Applicants of Federal Financial Assistance Directly Impacted by the Novel Coronavirus Due to Loss of Operations. This memorandum is set to have a major impact on how single audits are performed in the near term. To discuss this guidance, Maher Duessel’s Diane Edelstein addresses the six-month extension to the single audit due date, the amount of documentation needed to explain the delayed filing, and additional single audit matters that will likely require guidance in the near future.

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