Compliance Supplement definition

Compliance Supplement refers to the North Carolina State Compliance Supplement, maintained by the State and Local Government Finance Agency within the North Carolina Department of State Treasurer that has been developed in cooperation with agencies to assist the local auditor in identifying program compliance requirements and audit procedures for testing those requirements.
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Compliance Supplement means UR appendix XI (Compliance Supplement (previously known as the OMB Circular A-133 Compliance Supplement)).
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Compliance Supplement means Compliance Supplement for Single Audits of State and Local Governments issued by the Office of Management and Budget or any subsequent revisions.
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Examples of Compliance Supplement in a sentence

  • The OMB Compliance Supplement is Section A of the State Compliance Supplement.

  • If the Compliance Supplement indicates that a type of compliance requirement is applicable and the auditor determines it also is direct and material to the program at the specific entity being audited, the auditor should answer this question “Yes,” and then complete the remainder of the line to document the various risk assessments, sample sizes, and references to testing.

  • When Part 2 of the Compliance Supplement indicates that a type of compliance requirement is not applicable, the remaining assessments for the compliance requirement are not applicable.

  • Alternatively, if the auditor determines that a particular type of compliance requirement that normally would be applicable to a program (as per part 2 of the Compliance Supplement) is not direct and material to the program at the specific entity being audited, the auditor should answer this question “No.” Along with that response, the auditor should document the basis for the determination (for example, "per the Compliance Supplement, eligibility requirements only apply at the state level").

  • Taken form Part 2, Matrix of Compliance Requirements, of the OMB Compliance Supplement.

  • These Types are determined by the federal agency, noted as “Y,” on the “Matrix of Compliance Requirements” located in Part 2 of the OMB 2021 Compliance Supplement; however, the State Agency may have added the Type and this is noted by “Y.” If the State determines that the federal requirement does not apply at the local level or if the State modifies the federal requirements, this is noted in the supplement under the type of compliance requirement.

  • This compliance supplement should be used in conjunction with the OMB 2020 Compliance Supplement which will be issued in the summer.

  • For programs included in the Compliance Supplement, the specific requirements are contained therein.

  • This matrix incorporates the OMB Compliance Supplement “Part 2 - Matrix of Compliance Requirement.” A State Agency may have added a compliance requirement that the OMB matrix in Part 2 has a “N” (Not Applicable).

  • This compliance supplement must be used in conjunction with the OMB 2021 Compliance Supplement which will be issued in the summer.


More Definitions of Compliance Supplement

Compliance Supplement issued by the U.S. Office of Management and Budget
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Compliance Supplement means an an- nually updated authoritative source for auditors that serves to identify exist- ing important compliance require- ments that the Federal Government expects to be considered as part of an audit. Auditors use it to understand the Federal program’s objectives, pro- cedures, and compliance requirements, as well as audit objectives and sug- gested audit procedures for deter- mining compliance with the relevant Federal program. Computing devices means machines used to acquire, store, analyze, process, and publish data and other information electronically, including accessories (or ‘‘peripherals’’) for printing, trans- mitting and receiving, or storing elec- tronic information. See also the defini- tions of supplies and information tech- nology systems in this section. Contract means, for the purpose of Federal financial assistance, a legal in- strument by which a recipient or sub- recipient purchases property or serv- ices needed to carry out the project or program under a Federal award. For additional information on subrecipient and contractor determinations, see § 200.331. See also the definition of suba ard in this section.
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Compliance Supplement means an an- nually updated authoritative source for auditors that serves to identify exist- ing important compliance require- ments that the Federal Government expects to be considered as part of an audit. Auditors use it to understand the Federal program’s objectives, pro- cedures, and compliance requirements, as well as audit objectives and sug- gested audit procedures for deter- mining compliance with the relevant Federal program. Computing devices means machines used to acquire, store, analyze, process, and publish data and other information electronically, including accessories (or ‘‘peripherals’’) for printing, trans- mitting and receiving, or storing elec- tronic information. See also the defini- tions of supplies and information tech- nology systems in this section.
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Compliance Supplement means Circular A-133 Compliance Supplement issued by the OMB, its amendments, or any such documents as OMB or its designee may issue to replace it.
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Compliance Supplement means UR appendix XI.
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Related to Compliance Supplement

  • Compliance Order means an order issued by the Code Enforcement Officer pursuant to subdivision (a) of section 15 of this local law.

  • Compliance agreement means a written agreement between a person and the Commissioner to achieve compliance with this quarantine.

  • Compliance Review means an inspection of the home, grounds, and files to determine compliance with these regulations.

  • Tax Compliance Agreement means the Federal Tax Certificate, Tax Compliance Agreement, Arbitrage Agreement, or other written certification or agreement of the Issuer setting out representations and covenants for satisfying the post-issuance tax compliance requirements for the Tax-Exempt Bonds.

  • Compliance Audit means the procedure (in a form advised by the GLA from time to time) by which an auditor independent of the Grant Recipient certifies (at the Grant Recipient's cost) whether the Named Projects developed or Rehabilitated pursuant to this Agreement satisfy the GLA's procedural compliance requirements (as described in the Affordable Housing Capital Funding Guide);

  • Labor compliance agreement means an agreement entered into between a contractor or subcontractor and an enforcement agency to address appropriate remedial measures, compliance assistance, steps to resolve issues to increase compliance with the labor laws, or other related matters.

  • major non-compliance outcome notification means a notification received by a council under section 19N(3) or (4) of the Food Act 1984, or advice given to council by an authorized officer under that Act, of a deficiency that does not pose an immediate serious threat to public health but may do so if no remedial action is taken

  • Compliance Plan means the compliance obligations, program, and procedures described in this Consent Decree at paragraph 13.

  • Statement of Compliance means the statement forming part of a Tender indicating the Bidders compliance with the Specification.

  • Servicing Criteria means the “servicing criteria” set forth in Item 1122(d) of Regulation AB.

  • Officer’s Compliance Certificate means a certificate of the chief financial officer or the treasurer of the Borrower substantially in the form attached as Exhibit F.

  • Safety compliance facility means a licensee that is a commercial entity that receives marihuana from a marihuana facility or registered primary caregiver, tests it for contaminants and for tetrahydrocannabinol and other cannabinoids, returns the test results, and may return the marihuana to the marihuana facility.

  • U.S. Tax Compliance Certificate has the meaning specified in Section 3.01(e)(ii)(B)(III).

  • Tax Compliance Certificate as defined in Section 5.9.2(b)(iii).