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OMB Circular A-133

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OMB Circular A-133

Entities that receive federal funds are subject to audit requirements that are commonly referred to as single audits. Among other things, the Single Audit Act Amendments of 1996 are intended to promote sound financial management, including effective internal control, with respect to federal awards administered by state and local governments and not-for-profit organizations. Links on this page will take you to important information about Office of Management and Budget (OMB) Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, (Circular A-133) as well as related resources offered by the GAQC.

Access to Circular A-133 and Other Related OMB Documents

The grants management section of the OMB Web site (www.omb.gov/grants) is where auditors can access Circular A-133 and other key documents of importance to a single audit. For example, in addition to Circular A-133, you can find the OMB cost principles, the administrative requirements for federal awards, and various editions of the OMB Compliance Supplement.

Information on OMB Proposed Revisions to Circular A-133 and Other Grant Management

RequirementsAs described further in GAQC Alert #211, OMB has proposed revisions to Circular A-133, the OMB cost principles, and the administrative requirements in a Federal Register Notice and a Proposed Guidance document titled, Proposed OMB Uniform Guidance: Cost Principles, Audit, and Administrative Requirements for Federal Awards. GAQC Alert #211 provides more information about the Proposed Guidance and describes how you can access the guidance, as well as other related documents such as the Federal Notice, a side-by-side comparison of the changes to Circular A-133 and more. Access the OMB Web page that contains all relevant documents.

Read the GAQC’s comment letter on the OMB proposals described above. The comprehensive letter expresses support for the overall direction of the proposals but also communicates a number of significant concerns, overarching observations, and other comments.

The OMB has not indicated the timeframe for the issuance of a final regulation or a potential effective date of the regulation once issued. The GAQC will send a GAQC Alert in the future once more is learned about these timing questions.

Access GAQC Single Audit Practice Aids

Access a collection of GAQC single audit Practice Aids designed to assist members in performing high-quality single audits.

Status of 2013 Compliance Supplement

The OMB provided the GAQC a draft version of the 2013 OMB Circular A-133 Compliance Supplement for review and comment. Comments were sent to OMB in January. Read GAQC Alert #208 for a description of the proposed revisions to the 2013 Supplement. Watch this space for updates on the expected timing of the 2013 update to the Supplement. Access a GAQC summary of changes for the Supplement.

Access the 2012 Compliance Supplement

On July 24, 2012, the Office of Management and Budget issued the final 2012 OMB Circular A-133 Compliance Supplement. Access the Final 2012 OMB Compliance Supplement and read GAQC Alert #198 to learn more about key matters and changes to the Supplement; a summary of the major changes; Supplement best practices; and much more.

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OMB Circular A-133

Overview: This section includes guidance related to single audits such as information as to its purpose, objectives, roles and responsibilities, and the major programs involved with single audits.
Published on June 18, 2013

AICPA comment on the OMB Proposed Rule, Reform of Federal Policies Relating to Grants

Comment Letter: The AICPA and Governmental Audit Quality Center appreciate the opportunity to comment on the Office of Management and Budget (OMB) Proposed Rule, Reform of Federal Policies Relating to Grants and Cooperative Agreements: Cost Principles and Administrative Requirements (Proposed Rule), and the related Proposed OMB Uniform Guidance: Cost Principles, Audit, and
Published on June 03, 2013

Non-Authoritative Practice Aid Tips for Getting Through a Quality Control Review Introduction

Article: Office of Management and Budget requires that cognizant agencies for audit (as defined in Circular A-133) shall conduct or obtain quality control reviews of selected single audits. This practice aid provides tips for getting through a quality control review.
Published on May 03, 2013

Part 7 - Guidance for Auditing Programs not Included in this Compliance Supplement

Overview: Final Draft For Planning Purposes Only - OMB Circular A-133 - Compliance Supplement - 2012
Published on April 10, 2013

HRSA 340B Pricing Program Stakeholder email

Article: Email from HRSA, Office of Pharmacy Affairs to 340B stakeholders regarding HRSA Policy Release Update on 340B Drug Pricing Program.
Published on March 20, 2013

GAQC Summary of 2012 Compliance Supplement Proposed Revisions

Overview: Table that summarizes proposed changes and updates to the OMB 2012 Compliance Supplement.
Published on February 21, 2013

GAQC Summary of 2013 Compliance Supplement Proposed Revisions

Overview: Table that summarizes proposed changes and updates to the OMB 2013 Compliance Supplement.
Published on January 07, 2013

Applicability and Overview of Key Components

Overview: Overview of single audit requirements put into place by the Single Audit Act Amendments of 1996 which were intended to promote sound financial management, including effective internal control, with respect to federal awards administered by state and local governments and Not-for-Profit Organizations.
Published on November 20, 2012

OMB Circular A-133 Audit Refresher-Major Programs

Article: Provides guidance on Circular A-133's requirements for major program selection to assist in understanding the risk-based approach to audit higher risk programs.
Published on May 30, 2012

Final Draft 2012 OMB Circular A-133 Compliance Supplement

Overview: Final Draft For Planning Purposes Only - OMB Circular A-133 - Compliance Supplement - 2012
Published on May 24, 2012

Part 4 - Agency Program Requirements - ARC

Overview: Final Draft For Planning Purposes Only - OMB Circular A-133 - Compliance Supplement - 2012
Published on May 22, 2012

Part 4 - Agency Program Requirements - Introduction

Overview: Final Draft for Planning Purposes Only - OMB Circular A-133 Compliance Supplement - 2012
Published on May 22, 2012

Table of Contents - Final Draft - OMB Circular A-133 Compliance Supplement - 2012

Overview: Final Draft For Planning Purposes Only - OMB Circular A-133 - Compliance Supplement - 2012
Published on May 22, 2012

Part 6 - Internal Control

Overview: Final Draft For Planning Purposes Only - OMB Circular A-133 - Compliance Supplement - 2012
Published on May 22, 2012

Part 5 - Clusters of Programs

Overview: Final Draft For Planning Purposes Only - OMB Circular A-133 - Compliance Supplement - 2012
Published on May 22, 2012

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Related AICPA Products

Government Auditing Standards and Circular A-133 Audits - AICPA Audit Guide

An essential resource for management and auditors of entities subject to an audit under Government Auditing Standards and Circular A-133. Updated as of February 1, 2013, and fully revised for Clarity and the 2011 revision of Government Auditing Standards.

Not-for-Profit Entities: Checklists and Illustrative Financial Statements

Designed to help auditors and preparers master the complexities of financial statement preparation for Not-for-Profit entities. This edition contains a complete set of illustrative financial statements to assist readers in understanding and applying standards.