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Use of a Program-Specific Audit to Satisfy OMB Circular A-133 Audit Requirements 

Section 200 of Office of Management and Budget (OMB) Circular A –133 (Circular A –133) states that when an auditee expends federal awards under only one federal program (excluding research and development) and the federal program's laws, regulations, or grant agreements do not require a financial statement audit of the auditee, the auditee may elect to have a program-specific audit performed in accordance with section 235 of Circular A –133. Therefore, the auditor should determine whether there is a financial statement audit requirement before performing a program-specific audit. A program-specific audit may not be elected for research and development unless all federal awards expended were received from the same federal agency (or the same federal agency and the same pass-through entity) and that federal agency (or pass-through entity, in the case of a subrecipient) approves a program-specific audit in advance.

Program-Specific Audit Requirements

Circular A –133 requires program-specific audits to be subject to the following sections of Circular A –133 as they may apply to program-specific audits, unless contrary to the provisions of section 235 of Circular A –133, a federal program-specific audit guide, or the program's laws and regulations:

  • Purpose, definitions, audit requirements, basis for determining the federal awards expended, subrecipient and vendor determinations, and relation to other audit requirements (sections 100 through 215(b))

  • Frequency of audits, sanctions, and audit costs (sections 220 through 230)

  • Auditee responsibilities and auditor selection (sections 300 through 305)

  • Follow-up on audit findings (section 315)

  • Submission of report (sections 320(f) through 320(j))

  • Responsibilities of federal agencies and pass-through entities and management decisions (sections 400 through 405)



*An example of a situation where a program-specific audit would not be allowed would be a not-for-profit college that receives student financial aid (SFA) (and no other federal awards). That is because the Higher Education Act of 1965, as amended, requires institutions that receive SFA to undergo an annual financial statement audit.

Copyright © 2004 by the American Institute of Certified Public Accountants, Inc., New York, New York.

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AICPA Sends Congress Recommended Legislative Changes to New Partnership Audit Regime

Press Release The AICPA has submitted to Congress a set of recommended legislative changes to the new Partnership Audit Regime enacted as part of the Bipartisan Budget Act of 2015.
Published on November 17, 2017

2017 PFP Summit An Experience for Leaders Among Leaders

Video Deepen professional relationships by attending the AICPA’s PFP Summit.  Experience lively discussions and interactive sessions;  compare notes with esteemed peers and enjoy nightly networking activities/
Published on December 02, 2016

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Overview AICPA is committed to promoting CPAs as the most trusted professional and premier providers of tax services. We offer information and resources related to tax return planning, preparation, examination and representation, with practice tools to assist with navigating the IRS, tax practice quality control and management, as well as guidance
Published on December 02, 2016

The CPAs Guide to Social Security Planning

Guide A practical guide for CPAs as they help their clients make decisions about Social Security. You will find plainly stated information, with references to Social Security Administration publications for more details.
Published on December 02, 2016

GAQC Membership Dues

Article Information on paying membership dues and a calculator tool to calculate fees. Dues for membership in the Governmental Audit Quality Center are based on the number of CPAs in your firm as of the date of your firm's most recent fiscal year end and are assessed annually.
Published on December 02, 2016

Illustrative Auditors Reports

Overview This section contains information on illustrative auditor's reports for engagements performed under Government Auditing Standards, the HUD Audit Guide and OMB Circular A-133 .
Published on December 02, 2016

GAQC Membership

Overview The Government Audit Quality Center serves as a comprehensive resource for member firms, supporting you in your governmental audit practice. In addition, the Center provides members with an opportunity to network and exchange information with other member firms who have demonstrated a commitment to governmental audit quality.
Published on December 02, 2016

Audit Practice Tools and Aids

Checklist A collection of tools and aids to help your firm ensure the quality of its governmental audit practice.
Published on December 02, 2016

GAQC Members By State

Directory GAQC list of members by State.
Published on December 02, 2016

GAQC Firm and State Audit Organizations Members T through Z

Member Profile This document lists GAQC Firm and State Audit Organizations Members by alpha T through Z. Use it to find a GAQC Firm and State Audit Organizations Members.
Published on December 02, 2016

GAQC Firm and State Audit Organizations Members M through S

Member Profile This document lists GAQC Firm and State Audit Organizations Members by alpha M through S. Use it to find GAQC Firm and State Audit Organizations Members.
Published on December 02, 2016

CPA/CFF Frequently Asked Questions (FAQs)

FAQ The CFF credential is offered by the AICPA to members who specialize in forensic accounting. This page contains many frequently asked questions (FAQ) from members about the CFF credential.
Published on December 02, 2016

CFF Credential Holders

Overview AICPA Membership information for CFF Credential Holders.
Published on December 02, 2016

CPA/ABV Credential Frequently Asked Questions (FAQs)

FAQ The ABV credential is offered by the AICPA to members who specialize in business valuation. This page contains many frequently asked questions (FAQ) from members about the ABV credential.
Published on December 02, 2016

ABV Credential Holders

Overview AICPA Membership information for ABV Credential Holders.
Published on December 02, 2016

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