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. This section includes the following guidance related to these audits:

Applicability and Overview of Key Components Single Audit Objectives Primary Sources of Single Audit Guidance Federal Audit Clearinghouse: Role and Responsibilities Audit Quality Monitoring by Cognizant Agencies Common Engagement Deficiencies in Audits Performed Under OMB Circular A-133 Noted in Peer Reviews, Ethics Investigations, and Federal OIG Quality Control Reviews OMB Circular A-133 Audit Refresher-Major Programs Circular A-133 Audit Internal Control Refresher Illustrative Auditor's Reports