Form SF-SAC Submission for Single Audits Deadline Extended

The U.S. Office of Management and Budget (OMB) created, but has yet to issue its new data collection form (Form SF-SAC) applicable to single audits performed under Uniform Guidance (UG).  Nonprofits whose audits were performed under the Uniform Guidance are unable to submit the Form SF-SAC and their reporting package to the Federal Audit Clearinghouse (FAC) at this time.  In response to the delay, the OMB has determined that any UG single audit submissions due prior to July 31, 2016 will now be due to the FAC on July 31, 2016.
The extension only applies to the actual submission to the FAC. The audit itself must be completed and reports issued within the timeframe specified in the UG.  Submissions of single audits performed under OMB Circular A-133 must continue to follow the deadlines prescribed in OMB Circular A-133.
AAFCPAs reminds our clients once again that the extension is automatic and there is no approval required.  The new Form SF-SAC was anticipated to be available for filing in late spring 2016, but the OMB recently reported that the form will be ready no later than mid-July.  We will contact our clients once the Form SF-SAC is issued to offer guidance and assistance in preparation and audit submission.
If you have any questions, please contact your AAFCPAs Partner, or you may contact Matt Hutt at 774.512.4043,

About the Author

Matthew Hutt CPA
Matt leads AAFCPAs’ Healthcare Division, providing assurance, tax and advisory solutions for Federally Qualified Health Centers (FQHCs), behavioral health providers, home care agencies and hospices, nursing homes, and senior care living centers. Matt advises healthcare providers on consolidation and coordination of care, including the integration of behavioral health into the primary care delivery system. He also provides consulting solutions for providers transitioning to new value-based reimbursement models, and data driven patient care, including: developing business process and controls for collecting and advantaging data to provide analysis on: provider activity, delivery of care, and analysis of efficiency & cost effectiveness. Matt is also highly-sought after for his knowledge on issues related to affordable housing developers with requirements related to the US Department of Housing and Urban Development, MassHousing, Low Income Housing Tax Credits, Historical Tax Credits and New Markets Tax Credits. 

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