​USDA DELAYS IMPLEMENTATION OF 2019 REVISED COMPLIANCE SUPPLEMENT FOR CFDAS 10.766/10.780
Entities that did not have new expenditures under 10.766/10.780 (as defined by 2 CFE 200.502(b)) during FY 2019 will not have to report 10.766/10.780 awards on the SEFA for FY 2019.
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Archived NASACT News Issues
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Announcement on Not Needing to Notify SPD about Low-Risk Designation

Public and non-profit institutions participating in the Title IV programs that submit a Single Audit that does not include the Student Financial Assistance Cluster as a major program are not required to notify their respective School Participation Division of any low-risk designation for fiscal years ending within calendar year 2019 and future fiscal years.

GREAT Act Passes Senate

Of note is a provision that would amend the Single Audit Act to require single audits and audit-related information to be reported in a form consistent with the data standards established by the act.

OMB ISSUES CORRECTED COMPLIANCE SUPPLEMENT

On September 20, 2019, the OMB issued a corrected edition of the 2019 Compliance Supplement (Supplement) which is dated August 2019 and replaces the previously released edition dated June 2019.