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When is my organization required to have an audit performed in accordance with the Single Audit Act and OMB Circular A-133?

A-133 accordance ACT audit circular OMB organization Performed
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When is my organization required to have an audit performed in accordance with the Single Audit Act and OMB Circular A-133?

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Whenever an organization expends $500,000 or more of Federal funds in a fiscal year, it is required to have an audit performed.

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