Updates to REAC FASSUB System

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 On May 29, REAC implemented a new system release that will impact all audited financial submissions. The primary purpose of this release is to change terminology within the auditor's reports section to substitute the word “unmodified” for “unqualified” on all auditor opinions. 

On May 29, any validated submissions will revert back to a draft status and the new terminology will be added to the draft templates. Saved data will not be lost, but the submission will revert back to a draft status and will have to be re-validated. For questions, contact the REAC Technical Assistance Center at 888-245-4860.

 


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