®: CRE Regulatory Action of the Week
OMB Announces Information Collection and Request for Public Comments
The two collections that OMB seeks comment on are (1) reports from auditors to auditees concerning audit results, audit findings, and questioned costs, and (2) reports from auditees to the Federal Government providing information about the auditees, the rewards they administer, and the audit results. Both of these types of reports are used by non-federal entities, pass-through entities, and Federal agencies to ensure that Federal rewards are expended in accordance with applicable laws and regulations.
According to the OMB notice comments are invited on four main issues: (1) Whether the proposed information collection is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (2) the accuracy of the estimate of the burden of the collection of the information; (3) ways to enhance the quality, utility, and clarity of the information to be collected; and (4) ways to minimize the burden of the collection of information on those who respond, including through the use of automated collection techniques or other forms of information technology. Also included in this information collection is the Data Collection Form (SF-SAC). A modification of the data elements being collected on the SF-SAC is being proposed.
Click here to read full notice in Federal Register including contact information and submission dates:
CRE invites all interested parties to submit comments on these issues to CRE's Interactive Public Docket.
Please click below to submit comments regarding the OMB's Information Collection and Request for Comments.
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