Research reporting responsibilities, especially the Office of Management and Budget (OMB) Circular A-133.

Research Reporting Responsibilities
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Research Reporting Responsibilities
A single audit refers to the corporate-wide audit over the federal awards of an entity. Two major objectives guide the auditors in a single audit process. They have to ensure the financial reports and the schedules of the expenses of the federal wards present fairly in every aspect and as per the Generally Accepted Accounting Principles (GAAP). The second objective is to ensure alignment with every direct and material adherence needs for every major federal initiative picked for review.
The broad responsibilities of the auditee in the event of a single audit comprise the financial reports, schedule of the expenses of Federal awards, the auditees' corrective plans, and the summary schedule for the initial findings that entails the planned and the completed corrective actions. The auditees are expected to prepare for the Schedule of Expenditures of Federal Awards (SEFA) for the financial year. The schedule is designed to list all the federal honors used for every major program (Ekofo, 2018). The SEFA has to be prepared accurately and includes all the required elements as it is used to determine the organization's major programs for the fiscal year. Most of the organizations select to have the SEFA prepared by the auditors of the entity tasked with preparing the financial statements. To review the SEFA for accuracy and completeness, the auditors usually request documentation to support the information presented.
Under the year of the finding, the duties of the auditee include corrective actions. The auditee is accountable for making the corrective action plan. Another duty relates to the questioned costs. ...