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| USDA/RUS | RIN: 0572-AC33 | Publication ID: Fall 2014 |
| Title: Policy on Audits of RUS Borrowers | |
| Abstract: The Agency will issue a proposed rule to incorporate the latest revisions to Generally Accepted Government Auditing Standards Issued by GAO. Other changes include: clarifying the management letter to provide better guidance on subsidiary reporting; expand the definition of borrower to include broadband and wireless providers; add new definitions pertaining to the peer review program administered by the American Institute of Certified Accountants; increase the threshold for expenditures under OMB Circular A-133; clarify the peer review requirements; and clarify procedures for requesting a change in audit date. | |
| Agency: Department of Agriculture(USDA) | Priority: Substantive, Nonsignificant |
| RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
| Major: No | Unfunded Mandates: No |
| CFR Citation: 7 CFR 1773 | |
| Legal Authority: 7 USC 901 et seq 7 USC 1921 et seq 7 USC 6941 et seq | |
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Legal Deadline:
None |
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Timetable:
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| Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
| Federalism: No | |
| Included in the Regulatory Plan: No | |
| RIN Data Printed in the FR: No | |
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Agency Contact: Michele L Brooks Director, Program Development & Regulatory Analysis Department of Agriculture Rural Utilities Service 1400 Independence Avenue SW., Washington, DC 20250 Phone:202 690-1078 Email: michele.brook@usda.gov |
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