The AICPA provided the following alert from AICPA’s Governmental Audit Quality Center (GAQC) about a recent OMB memo extending the single audit submission deadline for certain entities.
Importantly, OMB is currently working on a broader deadline extension that will provide relief to certain entities that are not covered by the 1st OMB memo but have operations that have been adversely impacted by COVID-19. We believe it may be issued soon. We will let you know as soon as we receive new updates.