# Policy on Audits of RUS Borrowers
> **Rural Utilities Service** · Final rule. · Published 1998-07-17 · Effective 1998-07-17 · 63 FR 38720
## Document
- **Document number:** 98-18758
- **Category:** rural-development
- **Sub-agency:** Rural Utilities Service
- **Federal Register citation:** 63 FR 38720
- **CFR reference:** 7 CFR 1773
- **Publication date:** 1998-07-17
- **Effective date:** 1998-07-17
## Abstract

The Rural Utilities Service (RUS) hereby amends its regulations on audits of RUS borrowers. This final rule incorporates changes to the audit regulations necessitated by the Single Audit Act Amendments of 1996 and by Office of Management and Budget (OMB) Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations effective for audits of fiscal years beginning after June 30, 1996. This rule also clarifies the peer review requirements in the interim final rule for certified public accountants (CPA) performing audits of RUS borrowers, adopts individual management letters for electric and telecommunications borrowers, and revises the language of the auditor's report and management letter to conform with technical guidance provided by the American Institute of Certified Public Accountants (AICPA).

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1998/07/17/98-18758/policy-on-audits-of-rus-borrowers)
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