2021 Overview of Provider Relief Fund Audit and Reporting
The Provider Relief Fund (PRF) payments were provided to hospitals and other healthcare providers to support healthcare-related expenses or lost revenues attributable to COVID-19 for eligible providers who diagnose, test, or care for individuals with possible or actual cases of COVID-19.
The PRF program is administered by the Health Resources and Services Administration (HRSA), an agency of the U.S. Department of Health and Human Services (HHS), under CFDA #93.498.
Summary of Key Updates
With the deadline to report on Period 1 PRF payments expired and Period 2 reporting due by March 31, 2022 (refer to reporting requirements), healthcare providers who received Period 1 and Period 2 payments need to turn their attention to satisfying the commercial entity audit requirement.
PRF audits for commercial entities with a year-end between June 30, 2021 and December, 31, 2021, are due as follows:
|Payment Received Period (Payment Exceeding $10,000 in Aggregate Received)||Deadline to Use Funds||Reporting Period Deadline||Audit Report Due Date|
|Period 1||From April 10, 2020 to June 30, 2020||June 30, 2021||November 30, 2021||September 30, 2022*|
|Period 2||From July 1, 2020 to December 31, 2020||December 31, 2021||March, 31, 2022||September 30, 2022*|
* Audit reports are due the earlier of 30 calendar days after receipt of the audit or 9 months after the fiscal year. The Office of Management and Budget (OMB) issued Memo M-21-20, which allowed entities with a year-end through June 30, 2021 to delay their submission by 6 months; thus, their reporting deadline is the same as calendar year-end entities.
Additionally, the Government Audit Quality Center received guidance from HHS regarding the specific audit requirements, which are outlined below:
|GAGAS Financial Audit||Single Audit||Program-Specific Audit (2 CFR 200/45 CFR Section 75)|
|Criteria for Each Option||Entity has awards under only one or multiple HHS programs||Entity has awards under only one or multiple HHS programs||Entity has awards under only one HHS program|
|Audit of Entity’s Financial Statements||Not required||Required (performed under|
|Presentation of HHS Schedule||Schedule of specific element of a financial statement||Schedule of expenditures of federal awards (SEFA)||Schedule of specific element of a financial statement|
|Auditor Reporting on the Schedule||Opinion on the schedule under AU-C 805||In addition to the opinion on the financial statements, an in-relation- to opinion on the SEFA under AU-C|
|Opinion on the schedule under AU-C 805|
|GAGAS Reporting on Internal Control over Financial Reporting and Compliance and Other Matters||Required (as it relates to the schedule under AU-C 805)||Required (as it relates to the financial statements as a whole)||See chapter 14 of the GAS-SA Guide|
|Auditor Opinion on Compliance and Reporting on Internal Control Over Compliance||Not required||Required||Required|
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