What is an A-133 audit and are we required to have one?
A more detailed type of audit is required for organizations which spend $300,000 or more (in a given year) in total federal funds (including federal funds which have passed through state or local government agencies). This audit, performed by a C.P.A., is described in OMB Circular A-133 and is usually referred to as an A-133 audit. A-133 audits are frequently substantially more expensive than “regular” audits. The complete text of OMB Circular A-133 can be found on-line at: www.whitehouse.gov/OMB/circulars/a133/a133.html. You can also order it by phone from the Office of Management & Budget Superintendent of Documents, at 202-512-1800.
Related Questions
- When is my organization required to have an audit performed in accordance with the Single Audit Act and OMB Circular A-133?
- Are recipients of less than $500,000 exempt from LSC audit requirements under the new OMB Circular A-133?
- Where can I find guidance on the form and content of the A-133 audit reports?
