Source: https://www.ecfr.gov/cgi-bin/text-idx?mc=true&node=se29.1.99_1500&rgn=div8
Timestamp: 2020-02-24 13:29:38
Document Index: 794651385

Matched Legal Cases: ['art 99', '§99', '§99', '§99', '§99', '§99']

Title 29 → Subtitle A → Part 99 → Subpart E → §99.500
§99.500 Scope of audit.
(3) When internal control over some or all of the compliance requirements for a major program are likely to be ineffective in preventing or detecting noncompliance, the planning and performing of testing described in paragraph (c)(2) of this section are not required for those compliance requirements. However, the auditor shall report a reportable condition (including whether any such condition is a material weakness) in accordance with §99.510, assess the related control risk at the maximum, and consider whether additional compliance tests are required because of ineffective internal control.
(e) Audit follow-up. The auditor shall follow-up on prior audit findings; perform procedures to assess the reasonableness of the summary schedule of prior audit findings prepared by the auditee in accordance with §99.315(b); and report, as a current year audit finding, when the auditor concludes that the summary schedule of prior audit findings materially misrepresents the status of any prior audit finding. The auditor shall perform audit follow-up procedures regardless of whether a prior audit finding relates to a major program in the current year.
(f) Data collection form. As required in §99.320(b)(3), the auditor shall complete and sign specified sections of the data collection form.