Has the 2020 Compliance Supplement been released?
The 2020 Compliance Supplement Addendum has been released. 22, 2020, the Office of Management and Budget (OMB) released the Addendum to the 2020 Compliance Supplement, which is effective for audits of fiscal years ending June 30, 2020, and after.
Are OMB circulars still in effect?
Part 225), and Educational Institutions (OMB Circular A-21, 2. C.F.R. Part 220) are also being superseded by the new provisions of the Supercircular. Additionally, the provisions of OMB Circular A-133, Audits of States, Local Governments and Non-Profit Organizations, are superseded by the Supercircular.
What is the effective date of the 2020 Compliance Supplement?
On August 18, 2020, the Office of Management and Budget (OMB) issued the 2020 Compliance Supplement. The Supplement is effective for single audits of fiscal years beginning after June 30, 2019 – so June 30, 2020 fiscal year ends.
What is the threshold for a single audit?
$750,000
Single Audit, previously known as the OMB Circular A-133 audit, is an organization-wide financial statement and federal awards’ audit of a non-federal entity that expends $750,000 or more in federal funds in one year.
What is the 477 cluster?
477 Cluster DOI. 15.025. Services to Indian Children, Elderly and Families.
Why is it called a single audit?
Why is it called a “single” audit? Before 1984, each federal grantmaking agency was required to carry out its own audit. The Single Audit Act of 1984 standardized audits for states, local and tribal governments. However, because each grant has its own unique requirements, no two audits are exactly the same.
How to use OMB Circular A-133 Compliance Supplement 2016?
OMB does not necessarily endorse these products or their companies. * Use the individual file in Part 4 instead of the entire A-133 Compliance Supplement document for the Special Tests related to CFDA 17.225 (Unemployement Insurance) . Users of the Compliance Supplement may send comments on the document to [email protected].
How to comment on the A-133 Compliance Supplement?
* Use the individual file in Part 4 instead of the entire A-133 Compliance Supplement document for the Special Tests related to CFDA 17.225 (Unemployement Insurance) . Users of the Compliance Supplement may send comments on the document to [email protected]. Where possible, comments should reference the applicable page numbers.
When did Office of Management and Budget revise circular no-133?
Audits of States, Local Governments, and Non-Profit Organizations (Revision of Circular No. A-133) (June 27, 2003) (2 pages, 65 KB) Revision to Office of Management and Budget Circular No.
Where can I find the White House Compliance Supplement?
COMPLIANCE SUPPLEMENT APRIL 2017 EXECUTIVE OFFICE OF THE PRESIDENT OFFICE OF MANAGEMENT AND BUDGET April 2017 Table of Contents Compliance Supplement i TABLE OF CONTENTS
