ARPA Audit Changes

The Office of Management and Budget released an Addendum 3 to the 2021 Single Audit Compliance Supplement. Addendum 3 includes a simplified Single Audit process designed for entities that would otherwise not be required to undergo an audit pursuant to 2 CFR Part 200, Subpart F, if it was not for the expenditures of American Rescue Plan’s State and Local Fiscal Recovery Funds (SLFRF) funds directly awarded by U.S. Treasury as described in Addendum 3, Part IV.

SLFRF recipients that expend $750,000 or more during their fiscal year in Federal awards and meet both specified criteria have the option for their auditor or practitioner to follow the Alternative Compliance Examination Engagement guidance.

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