OMB Circular A-133

Browse

By Topic

By Industry

Not-for-Profit (1)

By Document Type

Member Only Content

GAQC Members (4)

By Date

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, as well as Circular A-133 resources offered by the GAQC.

NEW OMB Proposes Sweeping Revisions to Circular A-133 and Other Grants Management Requirements

As noted in GAQC Alert #211, on January 31, 2013, OMB issued for comment, Proposed Guidance titled, Proposed OMB Uniform Guidance: Cost Principles, Audit, and Administrative Requirements for Federal Awards. The proposal recommends broad revisions to Circular A-133 as well as a number of other key grant reforms. This proposal, which is a follow-up to a previous 2012 OMB Advance Notice (see below), is the next step in the OMB's federal grants improvement initiative. 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. Members should send any comments they have on the Proposed Guidance to gaqc@aicpa.org by March 8, 2013, so that they can be considered for the AICPA comment letter. Access the OMB Web page that contains all relevant documents.

As noted in GAQC Alert #211, OMB hosted a one-hour Webcast on Friday, February 8, 2013, to discuss recently issued proposed changes to the requirements for single audits, as well as other key grant-related documents. If you were unable to attend the live event, it is archived on the U.S. Chief Financial Officers Council Web site. Access an archive of the Webcast.

2012 OMB Advance Notice Discussing Reforms to Circular A-133

In early 2012 OMB issued for comment an Advance Notice of Proposed Guidance titled, Reform of Federal Policies Relating to Grants and Cooperative Agreements; cost principles and administrative requirements (including Single Audit Act) (Advance Notice). GAQC Alert #189 described the Advance Notice in more detail. Read the AICPA’s comment letter on OMB Advance Notice of Proposed Reforms to A-133, dated April 30, 2012.

Single Audit Practice Aids

Click here to access a collection of Practice Aids developed by several GAQC task forces in response to deficiencies noted in a federal study on the quality of single audits. The report titled, Report on National Single Audit Sampling Project (the PCIE report), was issued by the President’s Council on Integrity and Efficiency (PCIE) and can be accessed in its entirety by clicking here.

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.

Open Hide documents in this section

Page 1 2 3 4

Showing results 1 - 15 of 54

Order by:

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