Nonprofit Alerts: New 2013 Data Collection Form

The U.S Office of Management and Budget (OMB) issued a revised Data Collection Form SF-SAC on January 7, 2014. The revised form is applicable for audit periods ending in 2013, 2014 and 2015. The new 2013 form and instructions are available on the FAC website. OMB has granted an extension until February 28, 2014, for all 2013 forms which were due on or before February 28, 2014. The extension is automatic and there is no approval required. Auditees with findings are encouraged to submit their data collection forms as soon as possible rather than waiting until close to the extended due date. If you are an AAF client, your engagement team will be in contact with you to assist you with this process.
FAC launched its new system modification in November, 2013. The new system should be used for all 2013 Data Collection Form submissions. Each auditor and auditee will need to establish an account using your email address. You can download a PDF quick reference guide from the FAC to learn more.
To assist you with any questions you may have, we are providing you with access to a question and answer (Q&A) document, issued by the AICPA’s Governmental Audit Quality Center (GAQC), document titled, Questions and Answers for Auditees: The New 2013 Data Collection Form and Federal Audit Clearinghouse (FAC) Web Site. We hope you find this helpful.
Please contact your AAF Partner or Robin Kelley, Partner, at 774.512.4011 or if you have any questions.

About the Author

Robin Kelley CPA
Robin is a leader of AAFCPAs’ Managed Accounting Solutions practice, providing strategic finance and accounting guidance, and leveraging state-of-the-art cloud-based solutions to support clients’ most critical business and operational processes.  She provides high-level CFO oversight and strategic planning, enabling clients to drive efficiency, reduce the cycle it takes to close books, and develop better benchmark and baseline financial processes to meet regulatory requirements and achieve growth in revenue & profits. Robin advises many organizations in meeting grant & lender compliance requirements, and identifying and addressing risks within their internal control environment.

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