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On December 22, the Office of Management and Budget (OMB) released an addendum to its 2020 Compliance Supplement.

When the annual compliance supplement was released in August, an addendum was promised later in the fall that would address CARES Act funds. Because the addendum was released later than expected, recipients of COVID-19 funding have been granted a three-month filing extension for single audits.

Colleges and universities will not have to seek approval for the extension. Additionally, for private not-for-profit institutions subject to Department of Education financial responsibility requirements, the OMB single audit filing extension delays the eZ-Audit filing due date off by the same three-month period.

The Compliance Supplement Addendum addresses SEFA requirements, reporting under the Federal Funding Accountability and Transparency Act, donated personal protective equipment from federal sources, Provider Relief Fund Program expenditure reporting and timing, and a review of single audit implications from the December 2020 COVID-19 relief bill. Institutions are advised to discuss pertinent aspects of the addendum with their external auditors.


Sue Menditto

Senior Director, Accounting Policy


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