Federal Audit Clearinghouse

The Federal Audit Clearinghouse, or FAC, is an office within the United States federal government. In compliance with the U.S. Office of Management and Budget (OMB) Circular A-133 Revised, the FAC is in charge of receiving, processing and distributing to U.S. federal agencies the Single Audit reporting packages of thousands of recipients of federal assistance. OMB designated the U.S. Census Bureau to serve as the Federal Audit Clearinghouse. It operates and maintains an online database of Single Audit information submitted by recipients going back to 1997.[1]

Each year the federal government provides over $500 billion in federal assistance to all kinds of recipients, including states, cities and counties, non-profit organizations, universities and individuals. In order to monitor the fair, legal, and correct use of these funds, the government created the Single Audit. This annual audit applies to any state and local government, non-profit entity, or Indian tribe that expended $500,000 or more of federal assistance within one fiscal year. The Single Audit incorporates the auditing of the use and management of the federal funds to verify if it complied with the laws and regulations applicable to that specific assistance.

When the Single Audit is complete, the recipient must send the auditor's reports and other required documentation to the Federal Audit Clearinghouse (FAC). The FAC then enters the results of the audit into its electronic database and stores the data. The information included in the database is limited to the recipient’s basic information (including contact information, addresses, etc.), the auditor’s basic information, the types of federal assistance received and audited (also known as federal programs), and the type of auditor's findings, if any, detected in the Single Audit (e.g., situations of noncompliance, illegal acts, etc.). The online database can be accessed by federal agencies and the general public to learn about a specific recipient’s Single Audit results, although it is limited to the information previously mentioned. Additionally, federal agencies may request to see a recipient’s Single Audit reporting package to obtain more specific and detailed information about the audit results and about any findings encountered.

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