NEWS

COVID-19 Impact and Updates

March 24, 2020

The Office of Management and Budget (OMB) is allowing organizations to delay the completion and submission of the Single Audit reporting package to 6 months beyond the normal due date. The extension does not require individual recipients and subrecipients to seek approval, however, organizations should maintain documentation for the reason of the delayed filing. Organizations taking advantage of this extension would still qualify as a “low-risk auditee”.

To date, the IRS has not provided relief for the IRS Form 990, but we are monitoring this situation and will provide updates as necessary.