The Office of Management and Budget (OMB) is currently working on a waiver letter that will provide administrative relief to organizations in hurricane affected areas that are subject to a single audit. The guidance is expected to be shared with the federal agencies in the next several weeks.
In the meantime, if you have immediate questions, we recommend that you reach out to your cognizant or oversight agency for audit.
John Alfonso, CPA, CGMA
Partner, Not for Profit & Education Industry Leader
for future relevant alerts.