Due to presentation changes required in GASB 34, the audited financial statements no longer have the detailed program information needed to compile the indirect cost rate proposal. What should we do?
In order to avoid situations like this, tribal entities may want to request that their CPA include the detailed program information in the supplemental section of the audit. Without the detailed information in the audit, the tribal entity may be required to provide a copy of the general ledger or CPA work sheets to support the costs included in the proposal.
Related Questions
- Due to presentation changes required in GASB 34, the audited financial statements no longer have the detailed program information needed to compile the indirect cost rate proposal. What should we do?
- What if the client changes their mind and no longer requires training?
- Who do I talk to about making course and/or program changes?
