Fiscal Audits

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Contractor Fiscal Audits

The Contracts Audit Unit is responsible for conducting financial and compliance audits of HHSA contractors.  The audits focus on the organization internal controls, accounting system, cost allocation plans, indirect rates, allowable contract expenses and compliance with federal cost principles and OMB Circulars.  A risk assessment is performed annually to determine which contractors will be included on the ACS audit plan.  The risk assessment considers contract portfolio value, funding source, fiscal solvency, Single Audit (OMB A-133) filer, and prior issues.  The audits may be conducted at the contractor’s site or as a desk review.

The Contracts Audit Unit also has the responsibility for the centralized collection and review of all HHSA contractor’s independent financial statement audits and Single Audits.  Contractors should submit their annual audits to Agency Contract Support each fiscal year as required by the contract. The Contracts Audit Unit also performs and presents financial evaluations of potential contractors during the procurement process.

 

For more information send us an email or call 858-636-3530.