PRF Recipients Welcome Clarification Regarding Single Audits

Over the summer, the U.S. Department of Health and Human Services (HHS) offered some helpful clarification for recipients of aid from the Provider Relief Fund (PRF). The PRF FAQs clarify a variety of information regarding PRF expenditures and/or lost revenue, including how nonfederal entities should include them in their schedule of expenditures and how they will impact single audits. For more details, click here to read a helpful summary from the Journal of Accountancy.