PocketGuide To A-133

PocketGuide To A-133

Audit of States, Local Governments (Including Indian Tribal Governments), Non-Profit Organizations (Including Educational Institutions and Hospitals): Audit Requirements

180 pages

$40.00

Purchase Online or by Mail.

 
Brief Description

A-133 sets forth standards for obtaining consistency and uniformity among Federal agencies for the audit of states, local governments and non-profit organizations expending Federal awards. It was originally issued as a paragraph in A-102 and in A-110, both in 1976. The Single Audit Act was issued in 1984. The A-102 paragraph was replaced with OMB Circular No. A-128, “Audits of State and Local Governments” in 1985. The Single Audit Act was revised in 1996. The A-110 paragraph was replaced with OMB Circular No. A-133, “Audits of Institutions of Higher Education and Other Non-Profit Institutions” in 1996. A-128 was rescinded and its audit coverage integrated into A-133, “Audits of States, Local Governments and Non-Profit Organizations” in 1997. In addition to the OMB Circular A-133, a Compliance Supplement is usually updated each year. It contains guidelines for the audit of internal control systems, research and development and other Federally- funded projects. Audit coverage includes “pass-through” funding as well. A-133 is available for recipients of Federal funds and public accounting firms and/or state auditors.

 

Brief History of PocketGuide To A-133

The CENTER for Grant and Contract Studies has published a guide to audit requirements since 1989 but it was in 1996 that the first guide to A-133 was made available. A guide to A-128 had been available prior to 1996. Hundreds of satisfied users are testament to the usefulness of the PocketGuide. The 3rd Edition reflects a complete review and updating of the PocketGuide including inclusion of more definitions and descriptions of external reference, four key parts of the Compliance Supplement and two special schedules detailing reporting requirements and major project determination.

 

Contents

OMB Circular A-133, “Audits of States, Local Governments and Non-Profit Organizations”

  • Subpart A-General
  • Subpart B-Audits
  • Subpart C-Auditees
  • Subpart D – Federal Agencies and Pass-Through Entities
  • Subpart E-Auditors
  • Appendix A to Part – Data Collection Form (Form SF-SAC)
  • Appendix B to Part – Circular A-133 Compliance Supplement.

Compliance Supplement

  • Part 1, Background, Purpose and Applicability
  • Part 5, Clusters of Programs, Research and Development Programs
  • Part 6, Internal Control
Special Features

The inclusion of four important sections from the Compliance Supplement are important additions to the PocketGuide to A-133. It is not practicable or necessary to include the entire Compliance Supplement but these four sections put A-133 in the context of audit guidelines.

  • Part 1, Background, Purpose and Applicability
  • Part 3, Compliance Requirements
  • Part 5, Clusters of Programs, Research and Development Programs
  • Part 6, Internal Control

Two schedules prepared by the CENTER for Grant and Contract Studies should help explain two of the more confusing parts of A-133.

  • Major Program Determination, § – .520
  • Reporting Requirements under Governmental Auditing Standards (GAS) and A-133

 

 

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