Policy Flash 2011-46, which was issued in association with the Office of Risk Management, provided the final audit guidance documents to assist for-profit recipients in complying with 10 CFR 600.316. In accordance with the recommendation contained in IG report OAS-M-11-02, attached is a new chapter of the Guide to Financial Assistance to provide direction to financial assistance staff on the audit requirements for For-Profit Organizations and the use of the new audit guidance.