Factors such as the size of awards, percentage of the total program's funds awarded to subrecipients, and the complexity of the compliance requirements may influence the extent of monitoring procedures
Research and review results of subrecipient’s OMB Circular A-133 audit reported in the Federal Audit Clearinghouse. This is the primary monitoring step for the Research Administrator. Information presented within Federal Audit Clearinghouse is relied upon as sufficient evidence of compliance with the provisions of OMB Circular A-133 if the organization:
Receives an unqualified opinion on the financial statements
Receives an unqualified opinion on internal controls
Has no material weaknesses reported
Has no reportable conditions related to Federal awards
http://harvester.census.gov/sac/dissem/accessoptions.html?submit=Retrieve+Records FEDERAL AUDIT CLEARINGHOUSE
For subrecipients not listed in the Federal Audit Clearinghouse, the Research Administrator should make inquiries by forwarding a confirmation request letter to determine whether an audit was required and, if so, the status of the audit. Retain copy of inquires and complete 2nd and subsequent inquiries as needed to acquire audit information.
Subrecipient Monitoring: A-133 Audit Report Review MIT’s response to subrecipient’s audit status query
For subrecipients that are identified with a reportable condition, gain an understanding of relevant findings or questioned costs stated in the Federal Audit Clearinghouse and/or request a copy of the subrecipients A-133 report with all appendices.
Upon receipt of applicable information, evaluate for materiality, any findings or questioned costs noted during the above procedures. Consider the impact of any corrective action plan as well as other related actions undertaken by subrecipient management. Notify the proper Institute administrative departments of those findings and questioned costs determined to have a material impact on Federal awards.