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Circular A-133 Single Audit Resources

The Office of Management and Budget (OMB) issued Circular A-133 (PDF), Audits of State, Local Governments, and Nonprofit Organizations, in June 2003. The OMB requires nonprofits spending more than $500,000 per year in federal funding to have an audit, even if the federal money received is passed through another agency. Read on for members-only resources on Circular A-133 audits.

Single Audit Resources

U.S. Defense Contract Audit Agency

The Defense Contract Audit Agency (DCAA) performs all necessary contract audits for the Department of Defense (DOD) and provides accounting and financial advisory services regarding contracts and subcontracts to all DOD components responsible for procurement and contract administration.

Primary Sources of Single Audit Guidance

Guidance from the American Institute of CPAs (AICPA) on performing audits under Government Auditing Standards and the auditor's responsibilities when conducting a single audit or program-specific audit in accordance with the Single Audit Act.

Goodbye A-133, Hello Uniform Guidance: What You Need to Know

October 11, 2018
The investment of time and resources necessary to perform high-quality single audits of federal funds can be substantial and daunting for many CPA firms. Add the implementation of new single audit rules to the mix, and the challenges increase exponentially. The good news is that through the Enhancing Audit Quality initiative, the VSCPA and the American Institute of CPAs (AICPA) provide education, tools and resources that continue to support firms in driving improved single audit quality. Audit quality is