This AskRegs Knowledgebase Q&A was updated on January 5, 2021 to reflect updated guidance and extended timeframes in the December 11, 2020 Federal Register.
According to the December 11, 2020 Federal Register:
"For IHEs and other entities subject to the Single Audit Act and the implementing regulations at 2 CFR Subpart F that submit an audit under the Single Audit Act, the Department will consider the audit submission of the IHE or other entity timely if it is submitted to the Department through eZ-Audit or as directed by the Department at the same time it is timely submitted to the Federal Audit Clearing House under Office of Management and Budget guidance M 20-26 for COVID-19 audit submissions and any future extensions provided by the Office of Management and Budget."
The Single Audit Act is a requirement of the Office of Management and Budget (OMB) and not of the U.S. Department of Education (ED). NASFAA does not regularly track Single Audit Act submission deadlines or changes in those deadlines due to COVID-19. They have changed over time.
Please reach out to your school's Single Audit Act compliance contact or the Office of Federal Financial Management at [email protected]
See also AskRegs Knowledgebase Q&A, Has ED Extended OIG Audit Guide Submission Deadlines Due To Coronavirus?
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