What action is the government taking in response to the “National Single Audit Sampling Project” June 2007 report?
Based on the report, OMB established eight (8) OIG sponsored Single Audit Work Groups. The work groups are addressing the following topics: • Revisions to A-133 and American Institute of Certified Public Accountants (AICPA) Guidelines to report audit findings • Revisions to A-133, AICPA Audit Guide, and OMB Compliance Supplement to document the required compliance testing • Revisions to A-133 and AICPA for audit testing and sampling • Revisions to A-133 to require Single Audit (SA) training; Development of training curriculum • Review suspension & debarment process and identify alternative methods to address unacceptable audits • Coordination with other SA constituencies for sanctions and punitive actions for substandard audits; Revisions to A-133 for proposed sanction language • Coordination with PCIE to issue uniform standards on Quality Control Reviews.
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