RUS: Policy on Audits of RUS Borrowers and Grantees

Final rule from USDA's Rural Utilities Service to amend regulations for its Policy on Audits to incorporate 2011 revisions to the Generally Accepted Government Auditing Standards (GAGAS) adopted by USDA on December 26, 2014. Also expands regulations to include grant recipients, amend its peer review requirements, reporting requirements, and other audit requirements. The rule will become effective on July 6, 2018 and is applicable for financial audits for period ending on or after December 15, 2018.
Source: Federal Register updates via the Rural Assistance Center - Category: Rural Health Source Type: news