This sample audit report focuses on identifying key regulations an organization must comply with when receiving grant funds from the Department of Labor. Report sections include an executive summary, overall recommendations, pre-grant phase activities, grant setup phase activities, grant execution and administration phase activities, and agency reporting phase activities.
In order for the organization to be in compliance with federal grant guidelines, below are example processes that must be in place:
- Deviations from the budget and program plans must be reported, and revisions to these must have prior approval by the FPO. Revisions include the transfer of money between cost categories, additional funding requirements, changes in program objectives, etc.
- Grantees must maintain a written code of conduct governing employee performance engaged in the award and contract administration.
- Accounting records including cost accounting records must be supported with source documentation.