8d. Submittal of Audits to the Federal Clearinghouse
How Does a Grantee Submit Its Completed Financial Audit to HUD, as Required?
It is important to note that the audit must be completed and the report submitted by the grantee to the Federal clearinghouse designated by OMB within the earlier of 30 days after receipt of the auditor’s reports or 13 months after the end of the audit period. After completing an audit, auditors can directly upload the complete audit package to the Clearinghouse on behalf of the grantee, if desired.
What Does the Federal Audit Clearinghouse Do?
The Federal Audit Clearinghouse operates on behalf of OMB. Its primary purposes are to:
- Distribute single audit reporting packages to Federal agencies
- Support OMB oversight and assessment of Federal award audit requirements
- Maintain a public database of completed audits
- Help auditors and audited entities minimize the reporting burden of complying with Federal audit requirements