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USDA/RUS RIN: 0572-AC33 Publication ID: Fall 2015 
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; expanding the definition of borrower to include broadband and wireless providers; adding new definitions pertaining to the peer review program administered by the American Institute of Certified Public Accountants; increasing the threshold for expenditures under OMB Circular A-133; clarifying the peer review requirements; and clarifying 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 U.S.C. 901 et seq.    7 U.S.C. 1921 et seq.    7 U.S.C. 6941 et seq.   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  02/00/2016 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
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