Quality Assurance & Compliance Flashcards
7 cards from real CBA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Quality Assurance & Compliance flashcards as text
Which OMB circular establishes requirements for grants management and single audits of non-federal entities receiving federal funds?
Answer: 2 CFR Part 200 (Uniform Guidance)
2 CFR Part 200, known as the Uniform Guidance, consolidates federal grant requirements and establishes the single audit threshold and requirements for non-federal entities.
What is the single audit threshold under the Uniform Guidance (2 CFR Part 200) that triggers audit requirements for non-federal entities?
Answer: $750,000 in federal expenditures per year
Non-federal entities that expend $750,000 or more in federal awards during a fiscal year are required to obtain a single audit or program-specific audit.
In the context of federal budget compliance, what does 'bona fide need' doctrine require?
Answer: Funds may only be obligated for needs arising within the period of availability
The bona fide need rule requires that appropriations be used only for needs that exist during the period for which they were appropriated, preventing agencies from obligating funds for future-year needs.
Which document serves as the primary vehicle for agencies to communicate budget execution data to OMB on a monthly basis?
Answer: SF-133 Report on Budget Execution and Budgetary Resources
The SF-133 is the standard form agencies use to report monthly budget execution data to OMB, showing status of budgetary resources.
A 'continuing resolution' that limits agency spending to the prior year's rate means an agency receives which type of apportionment?
Answer: Time-based apportionment at a pro-rated share of prior year enacted levels
Under a continuing resolution, agencies typically receive time-based apportionments that limit spending to a prorated portion of the prior year's enacted appropriation.
Which federal law prohibits agencies from making or authorizing expenditures exceeding available appropriations?
Answer: Antideficiency Act (31 U.S.C. §§ 1341-1342)
The Antideficiency Act (31 U.S.C. §§ 1341-1342) prohibits federal officers and employees from making expenditures or incurring obligations exceeding amounts available in appropriations.
What is the purpose of an 'obligation freeze' during the fourth quarter of the fiscal year?
Answer: To ensure year-end spending aligns with mission needs and avoids year-end spending sprees
Obligation freezes help agencies avoid improper year-end spending sprees where funds are obligated hastily rather than for genuine mission needs, ensuring compliance with bona fide need requirements.